Apple Economics

At the RO Studio one Friday night, five of us sat down to understand two opinion articles written by Darius Guppy for the Independent and the Telegraph, two British newspapers. The articles argue that our banking system is a fraud, because it creates a virtual economy of such runaway inflation that we are forced to produce beyond the means of the resources on this planet.

As we began to read the article, we realized that we didn't really know what inflation was. Fortunately, Fanny, who works in finance, had an example story for us. "If there were five apples on this table," she said, "and each of us at the table had a coin, each apple would cost one coin."

Slide 1

"Now, if each person at this table had two coins," said Fanny, "each apple would then cost two coins."

The amount of money in a system divided by the amount of product in that system equals the price of what is produced. This is a basic principle of economics. The more money you have in the system, the higher the cost of products.

Slide 2

Now we were ready to attempt the articles before us. The first article began by describing banking as it was first conceived:

11/25 What a 7 year old thinks about how women are drawn in comic books.

Why are female superheros drawn like this, but male superheroes never are?

Okay. For today's discussion, first, read this article (It's short and pretty easy):
A 7-year-old girl responds to DC Comics’ sexed-up reboot of Starfire