Posted at Hartmann Report on Oct. 19, 2025
FA Hayek vs. the Birth of Democratic Socialism: "The Hidden History of Neoliberalism: How Reaganism Gutted America and How to Restore Its Greatness"
Friedrich August von Hayek studied at the knee of Mises during what Mises called his “private seminars” in the offices of the Vienna Chamber of Commerce on that city’s Ringstrasse (Grand Boulevard) between 1920 and 1934. Out of this developed both a lifelong friendship, the formation of the Mont Pelerin Society, and the new economic religion of neoliberalism.
By 1940, the year Mises emigrated to the US, Hayek had also fled the Nazis, although he’d moved to London (he became a British citizen in 1938) which was then being regularly bombed by Hitler’s Luftwaffe. As the bombing campaign, the Blitz, became more aggressive that year Hayek began to seriously worry about the possibility a bomb could kill his children.
This was a turning point for his family and he thought that America, daily becoming more egalitarian and leading the world out of the Republican Great Depression with FDR’s New Deal, would offer them the best opportunities.