Now that the island community is so much bigger than it was when there were just three guys fishing by hand, to some it may appear that the economics have changed…but have they? Just as the principles of mathematics don’t change with the size of the problem, basic economic principles do not change with the size of the economy. They’re just harder to see because of the many layers that exist between savers and borrowers. But the direct relationship among self-sacrifice, savings, credit, investment, economic incentive, and social and economic progress are always the same.
