Though the term “crowdfunding” is relatively new, a similar phenomenon led by the private sector helped spur massive growth in the North Carolina economy more than a century ago. That was a key theme the director of UNC’s Center for Competitive Economies shared today with a John Locke Foundation audience.
Brent Lane says late 19th-century growth depended in large part on capital pooled together from many small investors. In the video clip below, he says that economic history offers lessons for today’s policymakers.
4:40 p.m. update: Click play below to watch the full presentation.
