Monthly Archives: November 2012

The tool and debunking the myth

Posted on November 6, 2012 by benjaminfrankum

We need to stop for awhile in our learning in order to develop something new…but very necessary. When fire was discovered, people’s comfort increased. When the wheel was invented, transportation got better. When the telescope was invented, scientists were able … Continue reading →

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Inflation and the poverty trap

Posted on November 5, 2012 by benjaminfrankum

What causes inflation? Some people think it has to do with unions asking for more money which makes prices go higher. Other people think it is because businesses crave so much profit that it takes more money out of the … Continue reading →

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People

Posted on November 2, 2012 by benjaminfrankum

The model that we have been using has just ten people. Is it realistic to keep the same number…don’t countries with large populations have special economic problems? Isn’t the number of people in a country an important consideration? It can … Continue reading →

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