Uploaded July 2026 | Updated September 2026, 1 week ago
Is neoliberalism a real intellectual tradition or just an insult? Tho Bishop argues it is real and precise: a program for a regulated market economy running on technocratically managed, socialized money. He traces it from Henry Simons’s 1934 “A Positive Program for Laissez-Faire” into the Mont Pelerin Society—where Mises watched enthusiasm for antitrust and credit expansion take root, and where the vacuum left by Hayek was filled by Chicago rather than by libertarians—and forward through Friedman’s career to Greenspan and Bernanke. The Rothbardians, he concludes, have been the only sustained non-socialist opposition.
Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
0:00 Intro: Is Neoliberalism Even Real?
1:32 The Mont Pelerin Society
3:50 Ludwig Erhard
6:07 Milton Friedman
8:23 The Roots
9:54 Mises's 1958 Warning on Language
12:10 Mapping Neoliberalism
14:28 Friedman Never Abandoned the Fed
18:15 The Critics
21:17 Rothbard's Theory of Social Change
23:33 Neoliberalism as a Movement
27:24 Conclusion
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org.
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Podcasts ► mises.org/podcasts
Is neoliberalism a real intellectual tradition or just an insult? Tho Bishop argues it is real and precise: a program for a regulated market economy running on technocratically managed, socialized money. He traces it from Henry Simons’s 1934 “A Positive Program for Laissez-Faire” into the Mont Pelerin Society—where Mises watched enthusiasm for antitrust and credit expansion take root, and where the vacuum left by Hayek was filled by Chicago rather than by libertarians—and forward through Friedman’s career to Greenspan and Bernanke. The Rothbardians, he concludes, have been the only sustained non-socialist opposition.
Recorded at the Mises Institute in Auburn, Alabama, on July 25, 2026.
Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.
0:00 Intro: Is Neoliberalism Even Real?
1:32 The Mont Pelerin Society
3:50 Ludwig Erhard
6:07 Milton Friedman
8:23 The Roots
9:54 Mises's 1958 Warning on Language
12:10 Mapping Neoliberalism
14:28 Friedman Never Abandoned the Fed
18:15 The Critics
21:17 Rothbard's Theory of Social Change
23:33 Neoliberalism as a Movement
27:24 Conclusion
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org.
X ► https://x.com/mises/
Facebook ► facebook.com/mises.institute
Instagram ► instagram.com/misesinstitute
SoundCloud ► soundcloud.com/misesmedia
Apple Podcasts ► podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► rumble.com/c/c-2212754
Odysee ► odysee.com/@mises
Podcasts ► mises.org/podcasts
