Prior to the Industrial Revolution in Great Britain during the late 18th century, abysmal poverty was prevalent the world over, including in Britain. With the Industrial Revolution, conditions began to dramatically improve, first in Britain, then in Western Europe, then in North America, then, most recently, in the Asian Tigers. Who were the towering heroes in both Great Britain and the United States responsible for so markedly improving human living conditions?
In front of an audience of approximately four hundred young Ukrainians at Free Generation Forum 2016, Yaron Brook argues that the ongoing trend of growing government power at the expense of individual liberty won’t end by itself.
This talk examines the development, operation and performance of monetary systems in the absence of government intervention. Topics covered include the spontaneous evolution of money, the rise of banks, bank self-regulation under competition and crisis management in the absence of a central bank.