On social issues Congressman Paul is a conservative. He supports the right to life and opposes abortion on demand. He also opposes open borders policy on immigration realizing that it is crucial to protect the culture the American political, legal, and economic system is rooted in. Even though some of his supporters are social and moral nihilists, Paul has maintained a consistent social conservatism and realizes that the main source of leftist attack on American traditions has been the Federal government. Even though he supports drug and sex deregulation, he has never endorsed illicit drug use or aberrant sexual practices. His position is to allow nature to take its course with reckless and immoral behavior rather than placing such behavior on par with traditional morality.
This same logic is present in his economic policy. Companies or individuals who can create new products or services that people choose to buy because they perceive these products or services can help them should be free to prosper. Those who offer poor quality products or services should be allowed to fail. Government should only provide basic rules for these pursuits to take place, such as prevention of fraud and enforcing contracts. As Milton Friedman used to say, the market forces people to "put up or shut up." This maxim applies to life-styles as well as business enterprises.