How an Economy Grows and Why It Crashes


T H E   F I S H   H I T   T H E   F A N



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how an economy grows

217
T H E   F I S H   H I T   T H E   F A N
The senators were thrilled. They assured their fellow 
islanders that the Sinopians must have seen the errors 
of their misguided abandonment of Fish Reserve Notes. 
They would once again be making deposits at the Fish 
Reserve Bank.
But when the Sinopian ship made port, something entirely 
different ensued.
Sinopian agents fanned out across the island with 
wheelbarrows of real fi sh, and cartloads of Fish Reserve 
Notes, buying everything, even the stuff that was nailed 
down. Since no one on Usonia had any real fi sh anymore, 
the Sinopians could outbid everybody on everything.
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