Because federal hate crime laws criminalize thoughts, they are incompatible with a free society. - Ron Paul

I think stem cell research is crucial. I think medically it has a great future. I think that the answers aren't in yet. Some people say it's absolutely the answer, and others say it's no good and don't do it. It's not known yet, and I'll tell you what: politicians and bureaucrats and the FDA don't know either, and I don't think that's where it should be determined. It should be determined in the marketplace. In Washington so far we only had two choices, either prohibit it or subsidize it. My position is that we shouldn't do either. It should be in the states to devise the rules and laws on what you can do and can't do. Though I'm very strong pro-life and the worst thing I can conceive of is manufacturing babies to be used for research, but as an obstetrician I've had on quite a few occasions to do a surgery on a woman with a pregnancy in the Fallopian tube. And, the fetus is small, and alive, and the heart is beating, but if you don't operate on him, the fetus dies and the patient dies, because a hemorrhage is a very very critical time for ectopic pregnancy. I don't see any reason why you can't use that fetal tissue for research.

We have no constitutional authority to police the world or involve ourselves in nation building, in making the world safe for our style of democracy. Our founders advised against it and the early presidents followed that advice. If we believe strongly in our ideals, the best way to spread them is to set a good example so that others will voluntarily emulate us. Force will not work. Besides, we do not have the money.

Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.