Saturday, January 8, 2011

A child's perspective on monetary policy

Last night I heard a wonderful anecdote from a friend about his six year old son:
Son: Daddy, who's Bill Gates?
Father: He's the richest man in the world.
Son: Daddy, someday I'm going to be richer than Bill Gates.
Father: Oh, well, then you'd better have some kind of plan for making that much money.
Son: I'm going to invent a machine that prints out money!
Father: Well, the government might not like that, because they're the only ones that can print money.
Son: Daddy, when I grow up, I'm going to be part of the government.
These kids just learn too fast...

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