In the last few weeks we had the new topic in economics for the 10th graders.

The last 3 lessons were the following in this course:

1. What is money? 2. What is money supply? 3. What is inflation?

Since we do not have much time this year, I have to shorten everything extremely. I am not hoping for them to understand anything, I just want to create a first touch point for these topics and plant some thoughts and maybe some seeds in their heads.

In the first lesson, What is Money, we talk about the basic idea of money. Sure, money is a medium of exchange, but it is much more than that. It is basically the promise that my effort today will have value in the future. We also looked at the qualities that money must have to be good money. Qualities such as divisible, portable, acceptable, scarce, durable.

The second lesson was about money supply. Who issues the money. What the role of the central bank is, i.e. price stability. So the purpose of the central bank is to have no deflation and no inflation. The question I asked was, "How much inflation or deflation is good if we want perfectly stable prices?" The children answered with 0%. So I showed them how we count the money supply. So I explained M1, M2 and M3. We also looked at how M2 has changed since the Euro was created. And we calculated the growth rate since the beginning to show them how much more money is in circulation since the creation.

Last but not least was the third block where I roughly outlined inflation. That inflation means a decrease in your purchasing power. Basically, "Everything becomes more expansive in nominal terms over time." I told them that our government has the 2% inflation mark and they got confused. Because they thought from last week that price stability means 0%. We also calculated then if the M2 growth was really 2%. Since they calculated last week that it was growing exponentially more than that.

They questioned me a lot! Was I wrong about something, did they make a counting error? What is the difference?

Good question. What is the difference? Your purchasing power is just gone! And someone is robbing you of the work you have done.

Since we used a chart in the money class that they had to fill out about "good money", they looked back and thought that gold and bitcoin could be an alternative to fiat.

I never had to say anything, I just planted seeds left and right.

Knowing that I like the subject, they asked a lot about it. They see me as a fanatical priest preaching bitcoin to the kids.

This week something changed. The kids showed up with flash wallets (which I recommend when they are older) and cash. They know they are too young to buy on exchanges, they are not 18. So they came to me in the back and gave me cash and begged me to give them sats.

So I turned from a fanatical priest to a schoolyard dealer! Let's see when I get charged with child seduction, money laundering or illicit market activities.

Fun times my friends! So I guess I will beat you all in orange pilling people in the long run! And I am just a nobody pleb out there.

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