We saw last week that to complete our model of Dynamicland we need to have a way for the money supply to increase to keep…
Category: Models
In the last 2 weeks we’ve seen that to have an economy with increasing productivity we need investment (which we’ve defined in economic terms) and…
Last week we added productivity to our model, and discovered that this requires investment, and that investment requires credit. So this week we’re examining credit…
Last week I used a model of a very simple economy – cash only, no innovation, nothing ever changing – so that we could see…
Last week I compared the economy to an engine, and gave you an overview of a few components particularly relevant to the question of how…