Publishes book The Case for Gold

Paul was the first member of Congress, in the 1970s, to propose term limit legislation for the House of Representatives, where he declined to attend junkets or register for a congressional pension while serving four terms.

He proposed legislation to decrease congressional pay at the rate of inflation.In 1980, when a majority of Republicans favored President Carter's proposal to reinstate draft registration, he pointed out the inconsistency in their views, and according to The Wall Street Journal, made a statement to the effect of "they were more eager to register their children than they were to register their guns."

Paul served on the House Banking Committee during this time, where he spoke against the inflation he saw as being caused by the Federal Reserve. He also spoke against the deregulation of banking rules that allowed for the Savings and loan crisis of the 1980s.

The US Gold Commission created by Congress in 1982 was his idea, and his conclusions from the commission were published by the Cato Institute as the book The Case for Gold.

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