Explaining Inflation to a 5 Year Old
Explaining Inflation to a 5 Year Old
Heresy Financial: 1-24-2023
What is up, everybody? I have an incredibly special guest with us today, Eden, my five-year-old daughter.
You may remember about one year ago, I featured Eden's older brother, my son, Elijah. And so now that Eden is five, she wanted to jump on a video as well, because she has started having lots of questions about what two things.
So, we are going to talk about inflation, why things are so expensive and where banks get all their money from.
Timecodes
0:00 Video Introduction
0:46 Where do the Banks get their Money From
12:50 Why Things are Getting More Expensive
14:07 The Federal Reserve
14:48 Edens Summary