How an Economy Grows and Why It Crashes

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But the dollar’s reserve status, and the decision of the Chinese 
government to maintain the currency peg, has gummed 
up the machinery and has allowed the situation to grow 
dangerously out of kilter. 

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E
ventually, as Fish Reserve Notes continued to pour 
out of Usonia and pile up on islands throughout the 
ocean, some foreign holders began questioning the 
ability of Usonia to redeem them with actual fi sh. 
Chuck DeBongo, the charismatic leader of the 
Bongobians, gained favor at home by deriding the 
arrogance and power of Usonia. Believing that the 
acceptance of Fish Reserve Notes was unnecessarily 
enhancing Usonia’s economic power, he started to send 
more and more of his fi nancial agents to the bank’s fi sh 
window to exchange his notes for real fi sh. 
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