Prior to the great boom of the past decade, the jiggle business was localized. Politically unpopular, zoning for such establishments is confined to industrial areas, tucked away from mom and the kids. Financing to build such businesses was hard to come by as many bank boards frowned upon the morals of the operation, turning a blind eye to the abundant cash flows. Publicly traded strip-club operators were unheard of. The overexpansion of the strip-club business is yet another malinvestment created by the Federal Reserve’s monetary creation.
Source link: http://archive.mises.org/10138/sorry-were-clothed/