The Irish Banking Crisis: A Parable
Harvard Business Review
NOVEMBER 29, 2010
Furthermore, if you're the publican, and you've been chatting with me and with Bill, then you're even better positioned to become a de facto arbitrator of notes — a bank. And that's exactly the role that pubs began to play. You might say that a radically decentralized, p2p financial system spontaneously arose.
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