[...] These second-generation cadre formed the Libertarian Party and, more importantly, made possible the growth of libertarianism as an intellectual movement, culminating in the boom of the mid-Seventies to mid-Eighties. Paul ran as the party’s candidate in 1988, but by then the LP’s political momentum had peaked prematurely, on account of a debilitating split at the party’s 1983 national convention, when half the activists walked out. [...]