How to explain the credit crunch to a 5 year old?

Dear Economist,

My young son came home from school and asked me: “Mummy, what’s a credit crunch?” How can I explain this to a five-year-old?

Ms LG, London
Dear Ms LG,

Once upon a time, there was a blameless girl called Consumerella, who didn’t have enough money to buy all the lovely things she wanted. She went to her Fairy Godmother, who called a man called Rumpelstiltskin who lived on Wall Street and claimed to be able to spin straw into gold. Rumpelstiltskin sent the Fairy Godmother the
Citeste articolul original »

Blog: zmolblog			Categoria: Personale » Diverse
Comentarii (0)	Promovare	Recomanda	Adaugat de: zmo