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.

Articles

Mises Daily Towner Phelan

The weakness of a benevolent despotism is that there is no guarantee that it will remain benevolent. The Social Welfare State, the modern liberals' goal, is essentially a Germanic concept.

Mises Daily Towner Phelan

The New Deal is the American manifestation of the worldwide trend which produced fascism, communism and British socialism. It results from the desire of man to escape individual responsibility, to lean upon the all-powerful state and to trade his freedom for the politician's promise of security.