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Ben Bernanke’s Blog

Explaining the subprime crisis to children

By Ben Bernanke

Bio & Blog

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Photo by Blueberry Muffin via Flickr.

One of my most challenging tasks is communicating how the economy works to children. After all, children are afraid of what they don’t understand, and we don’t want their fear to reduce their spending. I asked our youngest Federal Reserve board member, Kevin M. Warsh, to draw something up for the kids since he’s usually playing with crayons anyhow.

He posted his work to Google Docs. I’m so proud of him!

It looks great and explains all the key issues. Only thing Kevin neglected is to include a stick figure of Alan Greenspan.

3/4/2008 12:00 PM, Washington DC
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