Comment by vasco
18 days ago
I've seen that point made before. In Portugal for example the left wing parties are openly against financial literacy in schools exactly because they say it is political. I get the point, if you're a socialist or a communist, having everyone participating in the stock market puts your goal further away. They also have an argument that financial literacy is correlated with losing money on the stock market. In general I don't think it's that separate of an issue, even though I'm not as left.
> They also have an argument that financial literacy is correlated with losing money on the stock market.
I think that the issue here is the definition of financial literacy that classifies people who effectively engage in gambling "financially literate".
It seems you have studied that exact tv talking bear’s lesson very well :D
I didn't get the reference unfortunately.
Unfortunately.
May I recommend a book by an Economics Nobel Prize winner?
Here:
"Arguing with Zombies: Economics, Politics, and the Fight for a Better Future" by Paul Krugman (2020)
And maybe even better:
"Austerity: The History of a Dangerous Idea" by Mark Blyth - 2013
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