Want to Teach Children Free Market Economics? Play Monopoly!

Monopolies are anathema to any conservative. However, in the spirit of fun and games it is essential to allow oneself opportunity to engage in the practice for the sake of showing others that one can become Jeff Bezos.

Sarcasm aside, the title above is inspired by the latest goings on in our household. We’ve been playing board games a lot as a family and Monopoly has been used on our kitchen table for most of those sessions. As our children count their cash, buy properties, pay taxes and charge rent, my wife and I use the occasions to teach them about saving and buying, making wise investments, basic mathematical principles, engaging in prudent business transactions and the like. Continue reading