Wow. Just wow.
Economist Kevin Nguyen explains the country's economic woes to his younger sister, using Pokemon as an analogy. Seriously.
The following is an actual conversation I had with my younger sister, Olivia. She likes to draw, play World of Warcraft, and now, she's the only fourteen-year-old girl who understands the U.S. economic crisis.
Kevin: Have you been following the news?
Olivia: Yeah, I don't really get it.
Kevin: Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Charizard Pokemon card as collateral.
Olivia: Kevin, I don't play Pokemon anymore.
Kevin: I'm getting to that. Let's say that the Charizard is worth $50, so in case you decide to not return my money, at least I'll have something that's worth what I loaned out.
Kevin: But one day, people realize that Pokemon is stupid and everyone decides that the cards are overvalued. That's right--everybody turned twelve on the same day! Now your Charizard is only worth, say, $25.
And it goes on from there.