Summary Bishop argues that neoliberalism is a real and coherent bipartisan ideology rather than a meaningless slur, defining it as belief in a regulated free market economy paired with technocratically managed socialized money, and tracing it from the Mont Pelerin Society’s split between Hayek’s Austrians and the interventionist wing through Milton Friedman’s 1951 essay endorsing antitrust and state control of money. He contends Friedman never abandoned central banking — citing his 2006 article