This video by Professor George Selgin 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. Recorded at the Objectivist Summer Conference 2015.
Free Banking Under Laissez-Faire Capitalism
The spontaneous evolution of money, the rise of banks, bank self-regulation under competition and crisis management in the absence of a central bank.
Capitalism FAQ
Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).