Ron Paul helped found the Foundation for Rational Economics and Education in 1976. This think tank began publishing Ron Lew rockwell bitcoin’s Freedom Report newsletter. A began publishing several publications including The Ron Paul Investment Letter, The Ron Paul Survival Report, and The Ron Paul Political Report.
The newsletters drew attention for controversial content when raised as a campaign issue by Paul’s opponent in the 1996 Congressional election, Charles “Lefty” Morris. Many articles in these newsletters contained statements that were criticized as racist or homophobic. These statements include, “Given the inefficiencies of what DC laughingly calls the criminal justice system, I think we can safely assume that 95 percent of the black males in that city are semi-criminal or entirely criminal. A number of the newsletters criticized civil rights activist Martin Luther King, Jr.
During the 1996 reelection campaign Paul did not deny writing the newsletters, and defended their content, saying that he opposed racism and his remarks about blacks had been taken out of context. In March 2001, Paul said he did not write the commentaries, but stopped short of denying authorship in 1996 because his campaign advisers had thought it would be too confusing and that he had to live with the material published under his name. Numerous sources said Lew Rockwell, who co-founded the firm that published the newsletters and remained an officer throughout its existence, had written the racially charged content. Rockwell said that he was involved in the operations of the newsletters, but denied writing them, saying his role was confined to writing subscription letters. He also said the person who ghost wrote the racially charged pieces “is now long gone” and that he “left in unfortunate circumstances. In January 2012, The Washington Post reported that several of Paul’s former associates said that there was no indication that he had written the controversial passages himself, but three people said that Paul had been very involved in the production of the newsletters and had allowed the controversial material to be included as part of a deliberate strategy to boost profits. Ed Crane, founder and president of the Cato Institute, told Reason that in a discussion with Ron Paul during the period in which the newsletters were published, Paul said his chief source of campaign contributions was the mailing address for the controversial Spotlight magazine.