Hello Young Economists,
We are in the midst of learning about our economy and how people's choices influence the distribution of resources. What does that even mean?
Have you ever wondered where money comes from? And, if money is simply made from paper or metal, why can't the money makers just make more so we all have enough? Think about that for a minute... If money makers just made a ton, a ton, a ton of money... would that help or hurt our economy? Explain your thinking?
LaVar Burton, from Reading Rainbow, is going to take us on a virtual field trip to see how money is made!
How is money made?
Be good. Be nice. Behave!
Well, that would be so great and simple if we could just print and make more money! Then everybody would have enough and there would be no poverty in the world and people would not have a need to check easy loan places. However, that’s not possible because making money harms the economy. Moreover, money loses its value when there’s too much of it. Printing new money is a sign of inflation and it’s never a good sign for the economy. Thus, we can improve the economy simply by making more money.
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