Reddit reviews Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments (An Uncle Eric Book)
We found 6 Reddit comments about Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments (An Uncle Eric Book). Here are the top ones, ranked by their Reddit score.
>the unemployed student that used financial aid to pay for school and now collects unemployment and wefare.
Money which was taken from others and 40% of it was borrowed or just printed out of thin air by the federal government.
... and what has all that "assistance" from the federal government accomplished? The tuition has gone up (why should colleges and universities lower costs when their profits are guaranteed by the federal government??), higher taxes, inflation, more profits for the "too big to fail" banks, etc. Yay central planning.
About five years before Bitcoin started, these two books enlightened me as to what was really going on in the world:
https://mises.org/money.asp
https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments/dp/0942617622
When I saw Bitcoin it sounded like it was proposing to be a solution to this problem. I had trouble believing that it was possible to create a cryptographic currency, though - "How could the currency be useful if people could just make more of it by copying the file that contained it?" I thought. I had actually considered this on my own (my background is computer science and engineering and I was familiar with asymmetric cryptography) but to me creating a copy-proof, inflation-proof, central-authority-free cryptographic currency was an unsolvable problem.
There were people on Slashdot urging naysayers to read the whitepaper, so I did. I was blown away: Satoshi had solved the problem that mystified me. Here was something the government could never get its hands on. Here at last was the tool to smash the state.
I highly suggest Whatever Happened to Penny Candy? book series, the author remains unbiased in this first book is especially great for younger kids, you can read about the author and his views here https://www.earlywarningreport.com/
Additional reading every kid should read:
https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments/dp/0942617622/ref=sr_1_2?ie=UTF8&qid=1482812773&sr=8-2&keywords=whatever+happened+to+penny+candy
https://www.amazon.com/The-Secret-World-of-Money/dp/B008GILZFC/ref=sr_1_2?s=books&ie=UTF8&qid=1482812838&sr=1-2&keywords=secret+world+of+money
Go to your local coin shop and buy a couple of silver dollars, a US coin book, and look around and browse at the history and old coins. It'll be fun. Go every four to six months, and buy a few silver dollars more for your collection.
Go to an antique mall and look around and browse. Look at the prices of items and take in what you see. It's like a museum, except you can but something.
Experiences like this can teach you a lot about inflation, tangibles, collectibles, and appreciation of goods with value and that money left as cash, is always slowly losing value. Thus the reason folks invest.
Buy this book used as a paperback and read it: https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments/dp/0942617622
Yes, but the buying power will still be equal to $200 do to inflation.
Why not buy him the book, "Whatever happened to penny candy?"
https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments/dp/0942617622
I buy my son a rare us coin ever so many months ($5 gold liberty). His coins have appreciated quite well over the last ten years.