Bitcoin Forum

The spotlight on Rand Paul may help more Americans fully embrace their libertarian ideals

Rand Paul’s leadership in the Senate – on the budget, regulation, privacy, criminal justice, and foreign policy – and his likely presidential campaign are generating new attention for libertarian ideas.

“Libertarianism is hot,” headlined the Washington Post in 2013. From an almost-forgotten part of American political culture, libertarianism has grown into a respected and much-discussed political faction and a compelling set of ideas that challenge the conventional wisdom. Tens of millions of Americans are fiscally conservative, socially tolerant, and skeptical of American military intervention.

The growth of the libertarian movement is a product of two factors: the spread of libertarian ideas and sentiments, and the expansion of government during the Bush and Obama administrations, particularly the civil liberties abuses after 9/11 and the bailouts and out-of-control spending after the financial crisis. As one journalist noted in 2009, “The Obama administration brought with it ambitions of a resurgence of FDR and LBJ’s active-state liberalism. And with it, Obama has revived the enduring American challenge to the state.”