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Explaining the banking crisis so children will understand...

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jason4liberty Posted: Sat, Oct 11 2008 11:37 PM

I found this link on boardgamegeek.com (in addition to studying Austrian economics, I am a part time board game geek).  The headline of the link caught my eye, and I found the article compelling enough to post here:

http://bygonebureau.com/2008/10/01/the-financial-crisis-as-explained-to-my-fourteen-year-old-sister/

It certainly isn't a deep study of the policy items that led us to the current crises, but it is an elegant and simple explanation of effects.  In terms that a 14 year old expresses, and then says "Duh!  That isn't hard."

I hope that you get a chuckle out of it too.

After I wrote this post, I went back to the geek and read the whole post there.  Also funny (in a good way), and worth linking:

http://www.boardgamegeek.com/thread/346308

Then I poked around a little more on the "bygonebureau" site and found this gem:

http://bygonebureau.com/2008/10/01/american-finance-an-accurate-history/

Yep, FDR was who fixed the financial system, and saved us all from private banking, freedom, and responsibility. I think I will suggest to the author that he borrow my copy of Rothbard's "History of Money and Banking in the United States".

 

One hundred trillion Zimbabwe dollar note

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