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Ron Paul's view of monetary policy and the role of the Fed is way outside the mainstream and dismissed by most economists as highly likely to lead to another great depression.
The ulra-libertarians who subscribe to the 19th century Austrian School (this is where UG would jump in) love iit but really cant defend it in today's global economy.
Where I do agree with Paul is that there needs to be greater oversight of the Fed (ie a less independent Fed).
The House version of the financial regulatory reform bill passed earlier this year (which includes many of Paul's recommendations) addresses this issue better than the Senate version now being deliberated.
Just one non-economist's opinion.
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