Latest / The David McWilliams Podcast
Financing a Revolution: The economics of Michael Collins
New countries start with no money. The departing colonists take everything with them, including capital. Like all former colonies, the New Ireland had no money. Micheal Collins, revolutionary leader and Minister of Finance, as well as head of the army, laid out a plan. From crowd-funding the 1916-1921 revolution, to setting up a national bank and a new national insurance company, designed to stop capital flowing to London, from marketing Ireland abroad, to rejecting state socialism and focusing on investment both national and foreign, Collins' economic vision for Ireland was the direct…
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