Ron Paul plans foreign policy institute

Former Rep. Ron Paul (R-Texas) is launching a foreign policy institute focused on undercutting U.S. interventionism.

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"The neo-conservative era is dead," proclaims the media advisory on his Facebook page announcing the Ron Paul Institute for Peace and Prosperity.

"The ill-advised policies pushed by the neo-cons have everywhere led to chaos and destruction, and to a hatred of the United States and its people. Multi-trillion dollar wars have not made the world a safer place; they have only bankrupted our economic future. The Ron Paul Institute will provide the tools and the education to chart a new course with the understanding that only through a peaceful foreign policy can we hope for a prosperous tomorrow."

The group promises to focus on coalition-building across party lines and creating opportunities for students to engage on the topic.

The iconoclastic former congressman and presidential candidate has long been a thorn in the side of the GOP on foreign policy issues, arguing for a "golden rule" foreign policy that takes a hands-off approach to global politics. That approach sharply contrasts with Republican orthodoxy from the last 30 years, though it's growing in popularity — his son, Sen. Rand Paul (R-Ky.), shares many of his foreign policy views and is viewed as a much more serious presidential contender than Paul ever was.

The former congressman will officially launch the group at a Wednesday press conference. Members of the new organization invited to join him at the conference include Reps. Walter Jones (R-N.C.) and John Duncan Jr. (R-Tenn.), as well as former Rep. Dennis Kucinich (D-Ohio) and former judge Andrew Napolitano, a popular figure with libertarians.