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Published · transcript-backed

Noel Johnson: evaluation

30 Jan 2019 Conversations with Tyler Noel Johnson and Mark Koyama on *Persecution and Toleration*

“I had a theory about this once, and I didn’t pursue it. But my theory — when I was in graduate school — was that they were getting a large amount of specie flow because they had mercenaries out there, and they were being paid in gold.”

— Noel Johnson

Source trail

Everything needed to verify it.

Speaker
Noel Johnson
Attribution
Verified speaker
Claim type
evaluation
Recorded
30 Jan 2019
Publisher
Conversations with Tyler

Transcript context

…Why is Switzerland so wealthy and successful relative to the rest of Europe? That’s a good question. I had a theory about this once, and I didn’t pursue it. But my theory — when I was in graduate school — was that they were getting a large amount of specie flow because they had mercenaries out there, and they were being paid in gold. Then this created nascent institutions for banks, or gave them some advantage. I didn’t actually look into that more deeply, so I don’t know if that’s true. But Swiss banking has declined a lot, as you know.…

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