We're reading Little House on Rocky Ridge right now, the story of a grown-up and married Laura Ingalls Wilder, her husband, Almanzo, and their daughter Rose as they settle in Missouri. In light of our national economic disaster, I found it very well timed that we encountered Papa's (Almanzo) wisdom and understanding of the U.S. treasury. Allow me to share:
"Finally, Mama and Papa finished talking and Rose could ask, 'What's a Panic?'
'Well, that's what happens when folks run out of money,' said Papa.
'Couldn't they make some more?' Rose asked.
Both Mama and Papa chuckled. 'Some politicians in Washington think so,' said Papa. 'But no, Rose. You cannot make more money like more flapjacks. It must be earned. And it must be worth something. A piece of paper isn't really money until there's gold in the U.S. treasury to back it up.'"
Almost prophetic words of wisdom. If only the "politicians in Washington" would have some common "cents" like Almanzo Wilder!