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Murray Rothbard, political strategy, and the making of modern libertarianism

On Black Friday, March 27, 1981, at 9:00 A.M. in San Francisco, the “libertarian” power elite of the Cato Institute, consisting of President Edward H. Crane III and Other Shareholder Charles G. Koch, revealed its true nature and its cloven hoof. Crane, aided and abetted by Koch, ordered me to leave Cato’s regular quarterly board meeting, even though I am a shareholder and a founding board member of the Cato Institute. The Crane/Koch action was not only iniquitous and high-handed but also illegal, as my attorneys informed them before and during the meeting. They didn’t care. What’s more, as will be explained shortly, in order to accomplish this foul deed to their own satisfaction, Crane/Koch literally appropriated and confiscated the shares which I had naively left in the Cato Wichita office for “safekeeping”, an act clearly in violation of our agreement as well as contrary to every tenet of libertarian principle.