Ron Paul Raises $4.2 Million in 24 Hours

“Republican presidential candidate Ron Paul, aided by an extraordinary outpouring of Internet support Monday, hauled in more than $4.2 million in nearly 24 hours,” reports The Associated Press. “Paul, the Texas congressman with a libertarian tilt and an out-of-Iraq pitch, entered heady fundraising territory with a surge of Web-based giving tied to the commemoration of Guy Fawkes Day.”

In a statement released today, Michael Tanner, Cato’s director of health and welfare studies, writes: “Ron Paul’s extraordinary fundraising success is a clear sign that there is a yearning by the Republican grassroots for the party to return to its historic small-government roots. Paul’s message of limited government, free markets and peace obviously has touched a chord. Perhaps the other candidates and the big-government conservatives in Washington should take notice.”