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Teach Your Children to Understand Sound Money

Posted by
June 28, 2012
in Blog

There is a good reason why so many accept the legal tender fiat money regime here in America when only 80 years ago it took the threat of imprisonment to get many to give up their sound money: you will never be taught about sound money, real money, in government schools. And it is a difficult concept, but if you would like a little help teaching a youngster in your family or neighborhood, here are a couple of useful books:

Treasure Hunt in the Enchanted Forest Book Review

Written by Jon Decker
In our current economic climate, it is easy for adults to understand the importance of the old expression “a penny saved is a penny earned.” Parents often try to instill this timeless message in their children by instructing them on the importance of saving money, and attempting to provide their kids with a basic understanding of how money works. Of course as a child it can be difficult to grasp some of these basic concepts, but thankfully, parents now have Treasure Hunt in the Enchanted Forest to make that task a lot less challenging.

treasurehunt-book

Treasure Hunt in the Enchanted Forest is an outstanding children’s book written by Ian Lucas and Chris Mendoza. In the book, the wise and wealthy “Grandpa Owl” teaches the younger owls about how money works, and what gives currency its value…

For the full synopsis…

And a classic:

Whatever Happened to Penny Candy?

by Richard Maybury

Richard Maybury’s wonderful little book, Whatever Happened to Penny Candy?, is a fast, fascinating, and easy-to-understand introduction to economic topics like inflation, prices, trade, and business. It comes with a helpful study guide that is just right for a classroom setting.

 

The author put this book together under the influence of Murray Rothbard and Henry Hazlitt. He sought to make their insights understandable to junior high kids. The book is now in its fifth edition, and the author has responded well to many comments from teachers and parents along the way.

If you have read Rothbard’s What Has Government Done to Our Money? or any of the larger treatises in the Austrian library, this book is not for you. However, if you know a young person who needs a kick start to economic thinking, or if you want to set someone straight who carries around crazy illusions about fundamentals, this book can do a world of good.

It’s true that economic theory is a subject for adults — you don’t want to assign Human Action to an 11-year old — but kids can be taught plenty too. They don’t need details about epistemology or exchange rates. But by enticing them into the subject matter of money and how it gains and loses value, you plant important seeds for future study.

That is precisely what Maybury’s book does.

For the full synopsis…

 

 

image: flickr.com/nualabugeye