Using Education to Cope With a Complex Economy

I would agree that all Americans would be far better off with more education in the area of how to manage their finances. Definitely.



... But how would that education have helped in the situation we find ourselves now? Where Wall Street Bankers in collusion with Government Officials (In an era in which meaningful oversight of key areas of the economy were abandoned) precipitated a global economic Ponzi scheme, fed by the kiting of securities whose exotic design rendered them perfect vehicles for vast institutional fraud ... to the tune of hundreds of trillions of dollars polluting the world economy?



How would knowing how to balance a bankbook or read a mortgage or credit card contract have helped the American people to prevent the crisis that befell them? Just wondering.
Read the Article at HuffingtonPost