Fredrich A. von Hayek, an economics professor with the University of Chicago (illinois) founds the Mont Pelerin Society, a free-market policy think tank dedicated to reversing the global trend toward economic collectivism:

       The group does not aspire to conduct propaganda.  It seeks to establish no meticulous and hampering orthodoxy.  It aligns itself with no particular party.  Its object is solely, by facilitating the exchange of views among minds inspired by certain ideals and broad conceptions held in common, to contribute to the preservation and improvement of the free society.

       [added 5/16/2025]

Subsequent Events:

12/11/1971               9/29/1982

Authority:

References:

Current U.s. National Debt:

$36,215,176,317,298

Source