Acountry made education free and mandatory up to age 15. it established 100 new schools to educate kids across the country. as a result, citizens acquired the required to work. the schools generated for teachers and other staff. in 20 years, the country saw a in its gdp.

In 1990, the average income for an american worker was $1,518 per month. in 2000, the average income for an american worker was $2,632 per month. during this time period, a basket of necessities (food, housing, etc.) increased from $657 per month in 1990 to $1,402 per month in 2000. the real value of income ▼ increased decreased over that 10-year period.

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Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is “barren”? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotle’s reasoning? briefly explain.