Drug War:

Ron Paul has recognizes the utter failure of that which is our drug war. He recognizes it's easier for children to find and purchase drugs than it is for them to get alcohol. He also recognizes that keepin drugs illegal creates a black market and puts money into the hands of people who wish to be illegitimate. He also understands that deciding which drugs are legal and illegal is neither moral for the federal government, as you cannot legislate morality, and thinks the federal government doesn't have jurisdiction of what people do with their own bodies. He thinks the money from the drug wars would be better used as rehabilitation centers for those who would like to quit but can't easily (but won't necessarily do this). 


Pros: Freedom to vote on your own state's drug policy. Federal government out of the issue.


Cons: Skepticism over letting people control their own habits.


My take: The libertarian view is, as long as it's not hurting me directly, I don't care what you do. I personally enjoy marijuana as it's less dangerous and more helpful than tobacco an alcohol, and I feel violated when people think I'm doing something wrong when I use it. More state's rights makes a more prosperous nation.