Sunday, May 09, 2010

Money Talks

Education in managing personal finances is lacking in American schools according to a recent report. And not just for the students. Less than 20 percent of teachers consider themselves "very competent" to teach personal financial management. The solution, of course, is more education to provide students with the necessary knowledge and skills to successfully manage their finances.

But along with those individual skills students need to know how the economy works, both in theory and practice. An honest financial and economic education would not only teach students how to make budgets and pay bills but also how to recognize corporate predation and economic imperialism. They would understand how politicians and private interests conspire to their own advantage to the detriment of the public.

Not bloody likely, though. That education would spark a revolution.



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