How do you explain the economy to your kids?

How do you explain the economy to your kids?

 

You don't have any.

 

Wouldn't it be self explanatory soon?

 

You need to explain 2 things:

1) In capitalist economies there are good times as well as bad
2) In the good times, IGNORE what everyone else is doing and save as much as you can

 

Kid: "Dad can I have $20?"

Dad: "$10 dollars?????? What do you need $5 for?"

 

Like this:
1. Children, don't ever vote for a Democrat or a Republican because this is what you get.
2. Don't listen to anything anyone says if they work in a whorehouse.

 

Did anyone else catch that in the poster its a white family and the ones in the soup line are all black?

 

I would tell them the truth instead of filling them with partisan political bullshit.

leverage. Our economy took on too much debt.

If they were a bit older I would make them do a simple math problem.
Growth in GDP 4%(+/-) and the growth in debt 7% (+/-) since the early 1980's.

(1*1.04)^29 less (1*1.07)^29 leaves a growing "debt load" that at some point is impossible to service.

 

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Behold, a job creator!

 

“ The most racist group in America is older black men.
You know pleasant Willie down at the store. Well Willie
ain’t so pleasant. He hates your guts!”
-- Chris Rock