His last book, "Money Socialism", was prefaced by a quote from Ferdinand Lips. A longtime friend of Lips and ally in their common fight against the fraudulent paper money system still threatening the (relatively) free Western civilization, the renowned German economist Roland Baader passed away last Sunday, January 8th. Baader had been a student of Friedrich August von Hayek's, a prolific writer, courageous philosopher and resolute proponent of a gold standard.

The Lips Institute mourns the loss of a great classical liberal thinker and an unflinching fighter for sound money as the necessary basis of a free society. May he rest in peace!