This is how I run my class economy. We go through five periods - barter, feudal, present day, technocratic communism, then end with bitcoin. My students know by the end of the year what problem btc solves.

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Be sure to spend plenty of time on the economic stupidity of communism and highlight the 100 Million + deaths that evil ideology has wrought unto the world. It’s a disgrace that kids aren’t completely anti-communist by their teens, fiat education has failed.

They feel the stupidity of every epoch :) You should see what happens when I flood the market with liquidity, give some students large sums of money, and then bid up the prices at our marketplace!

The confiscation and redistribution of property is equally as effective!

Haha that’s the way! 🤣

I’ve explained fiat to friends before using postit notes as currency, they quickly understood how powerful it is to have a monopoly on the postits and how inflation actually occurs.