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Wildcat Bank
Banking Regulation, Digital Money, Economic History, Free Banking, Money & Politics, News

The Fable of the Cats

George Selgin/July 6, 2021June 19, 2022

The comparison has by now been made so often that it may qualify as a platitude. I mean that between stablecoin issuers and "wildcat" banks, the fly-by-night scams that supposedly flooded the antebellum United States with notes nominally worth some stated amount of gold or silver, but…

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