Ron Paul will run

U.S. Representative Ron Paul ofTexas plans to announce today in Iowa that he is forming an exploratory committee for a third presidential campaign.
Paul, a 2008 Republican presidential candidate whose anti-tax, anti-government politics struck a chord with a swath of voters and fueled fundraising, will make a decision on whether to run by the middle of next month, said Jesse Benton, Paul’s political director.
“There’s a lot of enthusiasm,” Benton said. Paul plans to attend a Republican primary debate May 5 in South Carolina.
Before his 2008 bid, Paul ran for president in 1988 on the Libertarian Party ticket. He is scheduled to announce his exploratory committee in Des Moines at 3:45 p.m. local time, Benton said.
Paul, who heads the House Financial Services subcommittee that oversees the Federal Reserve and wrote a 2009 book “End the Fed,” has long pushed for legislation to increase scrutiny of the central bank. He joined with his son Rand, who was elected as a Republican senator from Kentucky in November, to introduce legislation this year to require an audit of the Fed by the Government Accountability Office.
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Comment: Although Ron hardly can win, his candidacy for the presidency will give another boost to Austrian economics and thereby may help to pave the way for sound economic policies.