The Coppet Group: Liberty’s Circle in an Age of Revolution and Reaction

In every age of revolution and reaction, when power grows centralized and the advocates of liberty are scattered, there arise sanctuaries where free minds find refuge. For the classical liberals of Revolutionary, Napoleonic, and Restoration Europe, that haven was the Château de Coppet, a modest estate on the shores of Lake Geneva that became one of the most remarkable intellectual centers in modern history.

Hayek’s Last Hurrah, So To Speak: A Choice in Currency Emerges Among Central Banks

Since 1971, in the Nixonian monetary era, the American government has enjoyed a power derived from the pure fiat paper money that its central bank can print in unlimited quantities to finance the government’s deficits. Simply put, politicians naturally like to keep passing out money to stay in office. It’s convenient, politicians reckon, to have a compliant central bank to buy government bonds with printed money — especially if the Congress is spending more than taxes bring in.