Front Matter

When Movements

Become Rackets

and other Swindles

The PFS Trilogy

Douglas E. French

Foreword by Jeffrey A. Tucker

Edited by Stephan Kinsella

Published Sept. 18, 2025 by Papinian Press • Houston, Texas and The Property and Freedom Society

When Movements Become Rackets and Other Swindles: The PFS Trilogy, by Douglas E. French; Edited by Stephan Kinsella

Copyright © 2025 Douglas E. French

Foreword Copyright © 2025 Jeffrey A. Tucker

Published under a Creative Commons Attribution 4.0 International license (CC BY)https://creativecommons.org/licenses/by/4.0/

Cover Design by Juan F. Carpio Interior Formatting by Susi Clark of Creative Blueprint Design www.creativeblueprintdesign.com

Back cover: with Hans Hoppe, Nusr-Et, Bodrum, Turkey, Sept. 29, 2023; Photo: Gregory Morin

The text for the print version is set in Adobe Caslon; headers are Bebas Neue Pro

Available online at www.propertyandfreedom.org/books

ISBN Paperback 979-8-9890306-9-9

ISBN Ebook 979-8-9994699-0-8

To the racketeers of all movements—and their victims

Every fraud begins as a dream, and ends in a scam.

—Hallucinated by ChatGTP and falsely attributed to James Baldwin

Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions.

—Niccolò Machiavelli, The Prince

Every crowd has a silver lining.

—P. T. Barnum

Contents

Foreword: The Nonprofit Racket

Preface

1. How Movements Turn Into Rackets

2. The Financial Newsletter Racket

3. Teaching the Unteachable: The Teaching Entrepreneurship Racket

Bibliography

About the Author

About the Property and Freedom Society