During his political career, Paul believed in free markets and economic freedom. He was a strong advocate for low taxes, ardent in his advocacy for sound monetary policies. He was conservative in that he believed that you should only vote for measures which were specifically sanctioned by the Constitution. He believed that there should be free enterprise; that it was only ethical and honourable to have such; thus, the Constitution mandates it.
Paul remained a firm believer in human rights. He was against federal measures to restrict gun-ownership. He was not for the regulation of the Internet. He was steadfast in his stand against abortion, espousing clear pro-life and pro-family ideals. He believed that the government should not meddle in the private affairs of its constituents.
Paul demonstrated constancy on the positions he took on issues. In spite of the opposing views of most of his party-mates, he was against the Patriot Act. He also did not favour launching war against Iraq. He believed that the government should pay attention to the country’s own problems, rather than on other nations’ troubles. He rooted for a strong national defense and was against an interventionist foreign policy.
Paul showed strong interest in philosophy and economics. He was well-read. It is said that his interest in politics was sparked by Friedrich Hayek’s “The Road to Serdom” He was a supporter of the Austrian School economics, holding economists Friedrich Hayek, Hans Sennholz, and Murray Rothbard in high esteem. He considered the works of Ludwig Von Mises and Ayn Rand to be of great significance and import. He wrote several books, all espousing principles upheld by the said economists.
He was critical of most of the country’s banking/financial systems. Putting his political thoughts and theories on economics down on paper, he produced several books. The year 1981 saw the publication of his book Gold, Peace and Prosperity: The Birth of a New Currency. The next year, 1982, he put out The Case for Gold: A Minority Report of the U.S. Gold Commission (1982). In 1983, his Abortion and Liberty articulated his pro-life opinions, as well as his anti-federal government sentiments.
Many other books were published in between 2007 and 2011 — A Foreign Policy of Freedom (2007), Pillars of Prosperity (2008), The Revolution: A Manifesto (2008), End the Fed (2009) and Liberty Defined (2011), among them. The American Ludwig von Mises Institute was usually Paul’s publisher.