How an Economy Grows and Why It Crashes

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S T E P P I N G   O N   T H E   G A S
The unemployed knew that jobs were being created in 
Sinopia as fast as they disappeared at home. This resulted 
from Sinopia’s Fish Reserve purchases, which pushed 
up the value of Fish Reserve Notes and made Sinopian 
products cheap and irresistible. As a result, Ocuda and 
ShallowSea publicly lobbied for the Sinopians to dial 
down their purchases, which would allow Fish Reserve 
Notes to lose value and make Usonian products 
more competitive. 
Of course, no one had any idea how Sinopia could 
simultaneously lend the fi sh necessary to fi nance the 
spending envisioned by Ocuda while rolling back the 
Fish Reserve Note purchases that were the means of the 
funding. No one even bothered to ask the question. Even 
while they prepared to borrow more than they ever had 
before, the senators forgot that someone had to do the 
lending. 

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