and Isaac Don Levine. Chamberlain and Hazlitt wrote for the anti-communist magazine Plain Talk, where Levine was editor. All three were dissatisfied with the negative approach of opposing communism and wanted a project that would spread a more positive message. They pulled together $200,000 in funding with help from textile importer Alfred Kohlberg (one of the funders of Plain Talk), DuPont executive Jasper Crane, Sun Oil president J. Howard Pew, and former United States President Herbert Hoover. Levine dropped out before publication began, so Chamberlain and Hazlitt brought in La Follette, who had worked on Nock's Freeman and also at Plain Talk. The board of the new publication included advertising executive Lawrence Fertig, legal scholar Roscoe Pound, and economists Ludwig von Mises and Leo Wolman. Also on the board was Read, who in 1946 had founded the Foundation for Economic Education. The magazine launched in October 1950 with 6,000 subscribers, mostly brought over from Plain Talk, which had ceased publication that May. It was expected to be a for-profit operation, and by 1952 it had reached 22,000 subscribers and was almost able to sustain itself. However, internal disagreements over politics destabilized the operation. Chamberlain and La Follette had staked out positions in favor of Senator Joseph McCarthy, a strident crusader against communism, and Senator Robert A. Taft, a candidate in the Republican presidential primary that year. These positions led to conflicts with Hazlitt and members of the board. Hazlitt quit the magazine in October 1952, but by February 1953 both Chamberlain and La Follette had left, and Hazlitt returned as sole editor. He resigned again at the start of 1954. Transfer to FEE By June 1954 the magazine had lost $400,000 and was on the verge of closure. Rather than let it fold, Read decided to purchase the magazine. He created a new for-profit company, Irvington Press, with FEE as its owner, and Irvington purchased The Freeman. He brought in Chodorov, former editor of the unrelated Georgist Freeman, as the new editor, starting with the July 1954 issue. Chodorov focused the magazine more on economic issues, taking more explicit libertarian stances than the previous editors. He also promoted a non-interventionist foreign policy, which stirred debate with more traditional conservatives. Although the content was different, the magazine continued to lose money, costing $90,000 in 18 months. Unable to stop the magazine from losing money, Read turned it over to the non-profit