5 Vital Economics Lessons Your Kids Won’t Get in School

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2. There’s no free lunch

An old adage among economists is “there’s no such thing as a free lunch.” The concept is simply, even if something is acquired at no monetary cost to you, someone, somewhere paid for it. If they didn’t pay for it with money, they paid for it with labor. If you are given a ham sandwich, even if you don’t pay for it, a farmer still had to raise the pig, grow the lettuce and tomatoes, slaughter the animal, pick the produce, and then others had to come transport those things. And that doesn’t even include the people who actually bought those products and those who made your sandwich.

Nothing is free in this world, the sooner people understand that, the sooner they’ll stop looking for handouts. The only honest way to get things is to work for them.

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