Short of Inches

Once upon a time there was a skilled carpenter who had a reputation for reliability and magnificent furniture for homes and businesses. Over the years he built up a well-equipped workshop, with an adequate warehouse full of selected materials alongside. One morning he was working on an order to outfit a new store, when heContinue reading “Short of Inches”

Financing a mill

Once upon a time an entrepreneur envisaged a watermill in a village with all the resources and skills to construct one. The mill’s construction drew on forests and quarries for raw materials, and on carpenters and masons for skills, stimulating demand and thus economic activity. Once the mill was completed, the village could reduce costs ofContinue reading “Financing a mill”

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