How is that for a intellectual-sounding title? I took Economics during my senior year of high school because it was required. The only thing that I remember from that course was the first day of class, when my teacher thanked us for making the choice to attend his class. Needless to say, there was an uproar which ended in the explanation that we had to choices:
1) Attend his class.
2) Ditch his class.
Both were accompanied with consequences. We choose to attend because the consequences/benefits were more appealing or less horrific, depending on how you look at it.
That’s it. That is the grand sum of what I remember about Economics 101. Since that time, I have had zero interest in Economics. That is until 3 weeks ago when I began reading Whatever Happened To Penny Candy by Richard. J Maybury, part of our Core 5 curriculum.
It never ceases to amaze me when I find out, yet again, that a subject which was presented as extremely boring and tedious during my stint in government school, is actually fascinating!
Rabbit Trail—> If you are a parent educating a child through the government school system, please, please, please do not see this as a judgment or insult directed at you. It is not. I understand that homeschooling is not for everyone. In fact, I loudly proclaim that it is not. I call these government schools because that is what they are. They are paid for and run by the government. Period.
Back to Economics. Did you know that rising prices are not inflation? They are a result of inflation. Inflation is actually when the government puts a greater amount of currency into circulation. They inflate the money supply. Did you know that the recession/depression cycle is caused by inflation?