If Ron Paul can somehow win the presidential nomination of the Republican Party, he will have an excellent chance of beating President Barack Obama in November 2012. He will, of course, face great obstacles in the Republican primaries, but if he can overcome them, it ought to be all downhill after that.

Why will the congressman from Texas have a good shot at beating a sitting president during wartime?

Paul can out-left Obama on foreign policy and personal liberties, thus making gigantic inroads on the latter's base while at the same time maintaining his right-wing credentials on economics.
So, will Ron win the Republican nomination and then go on to victory in the next election?

All we can say for sure is that if Paul gets the Repulican nod, the next political cycle is likely to be fought over ideas and philosophies, and not personalities as in the past.

Walter Block is an economics professor.