Posted on 01/08/2024 9:11:12 AM PST by Ciaphas Cain
Around the mid-Eighties there was an animated series based on the beloved Berenstain Bears children's books. The show ran on Saturday mornings on CBS. It was pretty good as I seem to recall. And often quite humorous.
Well, the other day one of the episodes sprang to mind as I was reading the news about the latest attempt to avoid a government shutdown. It involved the Bear kiddies learning all about money. How those little green pieces of paper don't have value on their own. Instead they must be backed up by something with real tangible worth. In the bears' world this happens to be the purest honey in existence. Without that backing, as the kids' father puts it there would be total chaos.
In other words: fiat currency is a very terrible thing for a society to have.
This is wise economics from a nearly forty year old animated cartoon made for youngsters. Even a child can understand the enormity of it.
(Excerpt) Read more at theknightshift.com ...
Or go here
Was this written with the vain hope that dems might grasp the basics of economic policy?
That could be written in flaming red Crayola crayon and they still wouldn’t understand it.
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