Taped on Jan 19, 1988 (New York City, NY) Dr. Paul, a former Republican, is the Libertarian Party's candidate for President, and he proves, in this energetic exchange, to be a well-spoken exponent of the libertarian creed. WFB: "As somebody who occasionally calls himself a libertarian, I regret the extent to which the libertarian position is discredited by a kind of reductionism that is simply incompatible with social life. You want to destroy the FBI, for instance. Why?" RP: "Well, we could point out, first, that the first 125 years of this country existed without an FBI. That came about, I believe, during the First World War. The CIA is a really recent phenomenon, 1947." WFB: "Well, we existed 125 years without an airplane, too." - The Firing Line Archives @ The Hoover Institute, Stanford University http://hoohila.stanford.edu/firingline/programView2.php?programID=1168 YouTube Video: http://www.youtube.com/watch?feature=player_embedded&v=UyzrYJtJ6Vc

Hustler had published a satire which included Jerry Falwell having sexual relations with his own mother, and Mr. Falwell had sued. Some had expected the Rehnquist Court to take the opportunity to modify the "New York Times rule" on libel suits involving public figures, but instead of softening the rule it held that obvious satire does not constitute "reckless disregard for the truth."