cover image: Ice cream shadow banking markets in everything

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Ice cream shadow banking markets in everything

15 Sep 2012

State banking officials want to put the freeze on the owner of an ice-cream parlor who opened a community-bank alternative that pays interest in the form of gift cards for ice cream, waffles and coffee. Ethan Clay, 31 years old, opened Whalebone Café Bank seven months ago in his shop, Oh Yeah!, a year and [...]
economics law

Authors

Tyler Cowen

Published in
United States of America
Rights
© Tyler Cowen

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