Like most parents I want my children to be happy.
One of my goals as a Dad is to teach my kids the essentials of economics and public choice theory (political economics for short). I know to most that sounds as ridiculous as, “I must teach my kids thermodynamics,” so I’ll explain the difference. There is a peacefulness we get from understanding how stuff works. And the more something affects us the more important it is to understand it.
We are all affected tremendously by politics and economics. The markets and government affect our jobs, income, the laws we live by, the prices of stuff, our standard of living, behaviors in ourselves and others, almost everything. If we understand how these systems work, we won’t be frustrated wondering why this or that is happening instead of something else. We’ll understand the problems, the solutions, why some things work so well, and why other things do not.
Once one understands these two systems, politics and economics, and combines a minimal dose of morality, he will adopt a libertarian philosophy. So in the end my goal is to teach my children to be libertarians.
Later I will write about how I try to teach these abstract concepts to kids and my progress. Wish me luck.
