Small-business loans: Strip clubs, marijuana stores need not apply
Small-business loans: Strip clubs, marijuana stores need not apply
- April 22, 2020
- Gary Richardson, economics, The Wall Street Journal, April 22, 2020
-----
Government provisions against loans to speculative businesses reach back to the early 20th century, says Gary Richardson, an economic historian at the University of California, Irvine, and have been added to most every lending institution created afterward, including the Federal Reserve.
For the full story, please visit https://www.wsj.com/articles/small-business-loans-strip-clubs-cannabis-shops-need-not-apply-11587573925.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightPain at the pump
- Careet RightHow would the markets react to fewer Fed meetings?
- Careet Right'WarshGPT': How Wall Street is adapting to the Fed's new era of communication
- Careet RightScholars explore central bank independence, structure and future risk at Hoover monetary policy conference
- Careet RightWhat is the Treasury-Fed Accord of 1951, and why is it important?