The Death of the Dollar
by Joseph Carducci, Outsider Club:
The other day, I had the chance to spend some time with one of my favorite people in the whole world: my youngest nephew. Now, you should you that I am the oldest child of 8, and there is a 20 year age difference between myself and my youngest sibling. Anyway, Vincent is about 10 years old now and sharp as a whip. He has been studying a little bit about money in school and is very interested in the possible government default.
What I found interesting about our conversation was the fact that even a 10-year-old can understand the basics of economics that sometimes even the wisest of us seem to forget. For example, Vincent knows that if you spend more money than you bring in, there is usually a problem.
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