How an Economy Grows and Why It Crashes


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how an economy grows

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Along the way, some senators made the emotional case that 
the Constitution’s original linkage between tax payment and 
voting eligibility was fundamentally undemocratic. Out of a 
spirit of progressivism, this restriction was removed, bringing 
to the polls a great many voters who were far less interested in 
government budgetary prudence.  
As the government payroll grew along with the economy
the job of senator inevitably gained in status and appeal. 
Originally a position for just the most revered and 
accomplished of the island’s elders, the Senate now began 
to attract ambitious go-getters.
One of the more innovative of the senatorial hopefuls was 
Franky Deep, who noticed a strain in human behavior that 
provided him with a path to power. 
He observed that people loved getting stuff for free. Similarly, 
they hated paying taxes. So, he devised a plan: if he could 
fi nd a way to make it look like he was giving something to 
the islanders for free, then he could gain their unconditional 
support. Unfortunately, all the government had was what it 
raised in taxes. The Senate didn’t catch any fi sh. They could 
only give by taking. How could they give more away more 
than they took?
After a particularly bad monsoon, Franky sensed an 
opportunity (politicians never let a crisis go to waste).
He preached, “My fellow islanders, the storm we have just 
been though has wrought untold hardship on our people. 
Many of our citizens are now hutless and fi shless. 



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