Explaining the credit crunch to a five-year old

Tim Harford does a satirical take on the credit crunch in this response to a Dear Economist letter.

The story revolves around a girl called Consumerella, who wanted to buy lots of pretty things…


Finally back to a wintry Manchester.

Barcelona was great, managed to do a lot more this time around.

List of activities include:

    Catching up with Ana, Papitu and Cuca, and having tapas and beer in a Beatles-themed bar.Making friends with Amelia, (the first person we met therefore by the Rules of Travel an Australian!) and having generous EUR 2.50 mojitos in Ryan’s on Ample.Watching Barcelona v Valencia at the Camp Nou (finishing in a 4-0 thrashing for Valencia).

    Visiting Castell de Montjuic again via the cable car (not walking this time, phew!).

    Looking down from the Estadi Olimpic towards the beautiful Telefonica statue set against an azure blue sky, then walking down to the gorgeous interior and views from Museu Nacional d’ Art Catalunya, Poble Espanyol and Placa Espanya.

    Seeing the Sagrada Familia again, taking the lift all the way to the top of the spires and walking down them.

    Clubbing at the huge, multi-venue Razzmatazz where I saw Ladyhawke perform live.

    Visiting Barcelona Zoo and seeing the angry mutha hippo charging at everyone and everything. The dolphins were also great.

    Strolling the Parc Guell till I had Gaudi coming out of my ears.

    Consuming Pita Shawarma at Pita Hut, abusing the metro, EUR 1 beers, EUR 3 ciggies, smoking with the Frenchies…

    And not to forget, a Mexican-themed visit to the Hotel Aranea!