Posted on April 11, 2008 at 1:48 pm by Liam Julian
Fifth-grade economists
Mike is right: financial literacy is important, but schools can’t teach everything. In fact, we wrote as much several months ago in The Gadfly.
To suppose that America’s possession of more financially literate 12-year-olds would have somehow staved off or lessened the subprime mortgage crisis, as Bernanke seems to, is really a stretch.
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