<p><%= f.input :terms, :as => :boolean, :label => false, :boolean_style => :inline %> 
Accept <%= link_to "Terms of use", terms_path,:remote => true %> 
and <%=link_to "privacy Policy", privacy_path, :remote => true%></p>
It ends up looking like this

What is the best way to line them up on the same line.
Here's a rather simple way:
<%= content_for(:the_links) do %>
    Accept <%= link_to "Terms of use", terms_path,:remote => true %> 
    and <%=link_to "privacy Policy", privacy_path, :remote => true%>
<% end %>
<%= simple_form_for @user do |f| %>
  <%= f.input :email %>
  <%= f.input :password %>
  <%= f.input :terms, :as => :boolean, :label => content_for(:the_links)%> 
<% end%>

Ensure the checkbox and text are small enough to fit in one row inside the container, then set display: inline; or float:left;
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