Inflation is rising now, but what happens next is influenced by us, say economists 鈥 by our expectations about the future of prices and how we respond.
We brake for lemonade stands. It鈥檚 a family rule.聽
When they were young, our daughters once sold cookies on a Boston sidewalk to pay for new bicycles. We hoped that it taught them the value of setting goals, taking initiative, and working for your dream.聽
That鈥檚 why we stop: We see our daughters in those pint-sized lemonade sellers. And, it鈥檚 our way of paying it forward.聽
, child entrepreneurs are required to get a permit that typically costs more than any profits they might make. Well-intended child labor laws and sanitation rules are often the justification.
But on Monday, New Jersey joined a growing number of states taking a stand for junior free enterprise. A new law, signed by Democratic Gov. Phil Murphy, says under age 18 to get a license to run a temporary business.聽
The law stops 鈥渃hildren [from] being harassed by local officials for running lemonade stands without permits,鈥 said Republican state Sen. Michael Doherty in a statement. 鈥淚nstead of providing space for kids to learn about entrepreneurship, they鈥檙e being .鈥
The new law, which passed unanimously, is an addendum to a 2016 law that allows kids to mow lawns and shovel snow for money. Yes, that was illegal too.聽
Sure, there are bigger injustices in the world today. But this sip of bipartisan progress reminds me that there are few moments as satisfying as a cup of roadside lemonade delivered with a child鈥檚 delighted smile.