Not the Most Magical Kids Book Ever, But Not the Least, Either
At Brain Pickings, Maria Popova shares an out-of-print children’s book from 1968: How People Earn and Use Money. Popova notes that the book “captures both the era’s characteristic biases and the naiveté of an overly simplistic view of the market economy — from the gender stereotypes dictating what types of jobs are appropriate for men and women to the blind faith in banks that seems in retrospect a caricature of the recent global recession.” It also contains a quite nice explanation of credit: “But he has to pay more when he buys on credit. The longer it takes him to pay for what he bought, the more he will have to pay” SO SIMPLE, SO EASY. And yet.