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A good way to start might be to provide a toy model of a largely self sufficient economy with its own currency. Then you can show all of the things that won't work if you don't have control of your own money supply and if those who do are not giving you what you need. Then you can show the problems that result when you stop manufacturing most of your own consumer goods. etc. etc.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri May 20th, 2011 at 09:40:26 PM EST
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THE GREAT SLUMP OF 1930 by John Maynard Keynes, 1931 provides the basics framework of macro economics, debt-deflation and the roles of consumer and capital investment and spending explained almost totally non mathematically in three pages! It is the clearest simple explanation I have found and any reasonably bright person who is interested should be able to grasp the essence with a bit of effort. Once one has that 5 Km high overview or gestalt click into focus, so much of what they already know falls into place. At least that is what I found for myself.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri May 20th, 2011 at 09:53:02 PM EST
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