The biggest surprise to me was the outrage expressed over an individual who thinks along these lines, because I heard people say, well, this is treasonous and this was un-American. But don’t they remember how we came in to our being? We used secession, we seceded from England. So it’s a very good principle. It’s a principle of a free society. It’s a shame we don’t have it anymore. I argue that if you had the principle of secession, our federal government wouldn’t be as intrusive into state affairs and to me that would be very good.
We as a nation have endorsed secession all along. Think of all of the secession of the countries and the republics from the Soviet system. We were delighted. We love it. And yet we get hysterical over this just because people want to debate and defend the principle of secession, that doesn’t mean they’re calling for secession. I think it’s that restraining element of secession that would keep the federal government from doing so much. In our early history, they accepted the principles of secession all along.
Paul also addresses the question of whether some banks now making money demonstrates that the bailouts were a "success" ("If a gangster steals money and he’s successful, you don’t celebrate.").
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