How the Money Power created Libertarianism and Austrian Economics“You say that Marxism is the very antithesis of capitalism, which is equally sacred to us [The Money Power] It is precisely for this reason that they are direct opposites to one another, that they put into our hands the two poles of this planet and allow us to be its axis. These two contraries, like Bolshevism and ourselves, find their identity in the International.”
Otto Kahn, Investment Banker
William S. Volker (1859-1947) was a wealthy German-Jewish businessman. Dismayed by the rise of Socialism in America, he created the Volker fund to provide a reactionary ideology based on “laissez-faire” and Social Darwinism. This was to become Libertarianism.
This article was written for Henry Makow
Libertarianism and its twin sister Austrian Economics were invented by the Money Power to be the other side of the dialectic with Communism.