"Thomas Hazlett: Do you have any examples in mind of countries that, once having flirted with socialism or the welfare state, have been able to reinstitute the rule of law? Friedrich Hayek: Oh, very clearly Germany after World War II, although in that case it was really the achievement of a single man, almost. Hazlett: Ludwig Erhard? Hayek: Ludwig Erhard, yes."
January 1, 1970