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Monday, January 08, 2024

The Berenstain Bears learn about sound economic policy

I knew it!  I just knew that I hadn't imagined this.  A cartoon from 37 years that I saw only once ago and I still remember it!

Around the mid-Eighties there was an animated series based on the beloved Berenstain Bears children's books.  The show ran on Saturday mornings on CBS.  It was pretty good as I seem to recall.  And often quite humorous.

Well, the other day one of the episodes sprang to mind as I was reading the news about the latest attempt to avoid a government shutdown.  It involved the Bear kiddies learning all about money.  How those little green pieces of paper don't have value on their own.  Instead they must be backed up by something with real tangible worth.  In the bears' world this happens to be the purest honey in existence.  Without that backing, as the kids' father puts it there would be total chaos.

In other words: fiat currency is a very terrible thing for a society to have.

This is wise economics from a nearly forty year old animated cartoon made for youngsters.  Even a child can understand the enormity of it.

If only more people had grasped the concept.  This country would not be headed toward the disaster it is hellbent on achieving.  It is indeed chaos and there is not going to be any avoiding it.

Here is the episode: "Raid On Fort Grizzly".  Well worth watching.