After listening to a news report, my son asked me a question about the economy. It became clear to me that he needed to learn fundamental economic terms like “productivity growth,” “the short-term debt cycle,” and “gross domestic product.” But how could I give him a lesson in Economics 101 without boring him?
Luckily, I found this great video. It’s a thirty-minute fantastic educational cartoon on how the economy works. I thought it was so well done that I had to share it with you.
Believe it or not, it is really very entertaining! It does a great job explaining basic economic principles and how the economic machine affects your pocketbook.
Let me know what you think.
Douglas Goldstein, co-author of Rich As A King: How the Wisdom of Chess Can Make You A Grandmaster of Investing, is an avid chess player, international investment advisor, and Certified Financial Planner (CFP®).