Open with a quote from Frederick Hayek the source of all monetary evil is the government monopoly on the issue and control of money. Is there an alternative to the government controlling money . Quick there sure is. Gold is the most obvious alternative because money is a measure. It has to measure value and it can be a part of what it measures and if they treated as atreat it asan economic bond toe entrepreneurs about the meaning of the crucial price signals that govern all of their opportunities, then you have the kind of stagnation we are experiencing today, and its a worldwide stagnation which means its not simply the policy of the united states, capitalism around the world and be systemic affliction is the meaning of money, so this grows old valuation into question because its like we float money today and International Exchange trading today, trading currency back and forth is 73 times bigger than all of the trade in goods and services put together. Its 25 times bigger than all of
Good evening. How is everybody doing . This is my kind of crowd. When you talk through the video, that gives me a good feeling. Everybody is excited to be here and talk with each other. Im the director of him for him and Innovation Lab at the Commonwealth Club. Welcome to tonights conversation with leila janah, founder and author of the excellent book gives work reversing poverty one job at a time. Tonights conversation is moderated by laura tyson, phd, graduate of the school of business at uc berkeley. I think you already did this, but heres a challenge. Turn to somebody you dont know and introduce your self before we get started. [inaudible conversations] okay. That is the perfect 82nd friendship. [laughter] lets come back. This is my kind of audience. I hope that you are like this and it comes time to the audience questions. You are at the second event to take place in this auditorium. [applause] that is worth a round of applause. We are in our brandnew home where 114yearsold weve b