‘The Indian Libertarian’ was a fortnightly journal, founded in 1954 by Indian liberal, Ranchhoddas Bhuvan Lotwala, and edited by his daughter Kusum R Lotwala. This edition (Vol. 11, No. 18) of this journal was published on December 15, 1963. The editorial covers communism, dynamic military policy of the USA, the inauguration of the Naga state in the North Eastern Frontier of India, and nationalisation. “Balance Of Power And Collective Security” by M.A. Venkata Rao refers to Kautilya’s mandala system and talks about Pakistan trying to rally all Muslim counies, Russian Power system and the impermeability of the borders . “Nehru’s Fanciful Image” by M.N. Tholal talks about the need and importance of propaganda in political parties. “Capital Formation And Economic Growth” by Prof. G.N. Lawande discusses the factors of economic growth in an underdeveloped country and talks about the importance of capital in the process of economic growth from the point of employment. “Ganging Up Against Sucheta Kripalani” discusses how the public sector became a good ideal of criticism at the hands of public Capital. Further the article talks about Kennedy’s funeral. “Workman Quarrels With His Tools” by C. Rajagopalachari discusses the goals of the Swatantra Party and the Swatantra movement. The journal ends with book reviews and news and views.