Towner Phelan

Towner Phelan, the St. Louis Union Trust Company's vice president for advertising in the 1940s, produced a monthly newsletter on the premise that the prosperity of the company's clients depended on the maintenance of the private enterprise system and the rejection of socialism.

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Mises Daily Towner Phelan
"Liberalism" in the historic sense is the struggle of man to assert his liberty against authority. In the political field, this struggle is against the authority of the state.