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Dear Friend,

It is a very proud moment when we see one of our students fly. Patrick Newman first came to the Mises Institute in 2011 as a Mises University student. He returned as a graduate student for Rothbard Graduate Seminar, and then as a Fellow. We’ve watched him build his academic career, authoring books and mentoring his own students.

In 2021, Patrick published Cronyism: Liberty versus Power in Early America, 1607–1849, which received great acclaim. James Grant wrote about the book, “Government by its friends and for its friends is not how the American story is ordinarily framed, but Patrick Newman’s deeply informed history of governmental favoritism in the early Republic may prompt a reconsideration. The late, great Murray Rothbard read history in terms of the conflict between power and liberty. Professor Newman is a worthy heir to that libertarian scholarly tradition.”

Patrick’s ability to carry on this Rothbardian tradition is almost uncanny. He even sounds like Murray when he speaks sometimes!

Patrick has just completed Cronyism: Rise of the Corporatist State, 1849–1929, which continues the story of the struggles between liberty-loving Americans and the elites trying to steal it for their own gain.

Read the rest of the article here.
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