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The interesting thing about Ron Paul is that a few of his ideas actually make sense, which could explain why he is leading the polls in Iowa ..
Unfortunately, most of his ideas DON'T make sense.
On balance, I'd have to say that the majority of his ideas fall into the "are you nuts ?" category, so I don't think that he'll be much of a threat, especially since he is already 76 years old.
Truth be told, the Republican Party simply does not have a credible candidate for President. Unless the Grand Old Party can somehow discover a viable "dark horse" candidate, Barack, Michelle, Sasha, Malia, and Bo will be spending at least 4 more years at the White House, and that's good for both us liberals, and the rest of the country.