Dr. Martin Rundkvist is a Swedish archaeologist, journal editor, public speaker, chairman of the Swedish Skeptics Society, atheist, lefty liberal, bookworm, and father of two.
A timely must-read: Kevin Nguyen explains the financial crisis to his kid sister using Pokémon cards as an analogy.
Kevin: Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Charizard Pokémon card as collateral.Olivia: Kevin, I don't play Pokémon anymore.
Kevin: I'm getting to that. Let's say that the Charizard is worth $50, so in case you decide to not return my money, at least I'll have something that's worth what I loaned out.
Olivia: Okay.
Kevin: But one day, people realize that Pokémon is stupid and everyone decides that the cards are overvalued. That's right--everybody turned twelve on the same day! Now your Charizard is only worth, say, $25.
Comments
Where did you get that picture?! It captures the fiscal pit we're in PERFECTLY!
Posted by: DianaGainer | October 11, 2008 3:21 PM
Google's image search. I tried "pokemon money", "pokemon dollar" and "pokemon $". And there it was!
Posted by: Martin R | October 11, 2008 3:54 PM
This actually works on pretty much every level.
Posted by: Sean | October 11, 2008 9:50 PM
I am just waiting for the Pokémon opiate to dissipate - it was a horrible ralization that it is STILL a fad with the kids when my 6-year old came home from school and demanded the d**n cards.
On the bright side, it is clear that for kids that age the joy lies in the sharing of an experience, exchanging cards with each other each break with little or no clear idea of 'intrinsic value'. It is the exchange itself that brings pleasure, not the actual posession. That won't last long...
Posted by: ArchAsa | October 14, 2008 9:02 AM
Most kids who covet the cards seem incapable of playing the card game. I wonder if it's fun.
Posted by: Martin R | October 14, 2008 9:06 AM