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Archives Should a basic personal finance class be mandtory in High School?; Originally Posted by Scucca You obviously have no knowledge of Marxism. That is not a crime. Its true that I ...

 
 
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Old 04-26-08, 11:04 AM   #11 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Originally Posted by Scucca View Post
You obviously have no knowledge of Marxism. That is not a crime.

Its true that I don't live and breath marxism like you do but try me. You're presently studing economics in college and as an impressionable youth have become enthralled by the materalist viewpoint. Point to any place where your chosen theory - call it market socialism, call it communism, I don't care what you call it - point to national economy where it has worked.
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Old 04-26-08, 11:24 AM   #12 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Its true that I don't live and breath marxism like you do but try me. You're presently studing economics in college and as an impressionable youth have become enthralled by the materalist viewpoint.
Please don't fib. You know that I'm a business consultant. The amusing aspect of your silliness is that its actually Marxists, rather than right wingers, that would find my stance the most disagreeable.

Again, you fail to make any contribution to the topics raised by the thread. I'll ask again:

How would you dispute that poverty risk increases the demand for home ownership? How would you then dispute that, even if rational economic man was achieved (with education somehow able to eliminate error), market instability is the norm?
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Old 04-26-08, 12:01 PM   #13 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Originally Posted by Scucca View Post
Please don't fib. You know that I'm a business consultant. The amusing aspect of your silliness is that its actually Marxists, rather than right wingers, that would find my stance the most disagreeable.

Again, you fail to make any contribution to the topics raised by the thread. I'll ask again:

How would you dispute that poverty risk increases the demand for home ownership? How would you then dispute that, even if rational economic man was achieved (with education somehow able to eliminate error), market instability is the norm?
Despite the instability of capitalism, having an education allows the same people who are now getting their houses taken to invest wisely and live in an apartment until they can actually afford what they're buying. I'm sure Marx wouldn't want the poor to suffer for want of an education.

Also, you guys should take your argument to another thread- or better yet, make a True Debate.
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Old 04-26-08, 02:27 PM   #14 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Originally Posted by Edify_Always_In_All_Ways View Post
Despite the instability of capitalism, having an education allows the same people who are now getting their houses taken to invest wisely and live in an apartment until they can actually afford what they're buying.
Risk taking is an integral part of rational economic man. The important aspect is that there will always be an inefficiently high number risking home ownership because of the fear of old age poverty. No level of education will eliminate those problems. We'd instead need to see changes to the welfare state.
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Old 04-26-08, 03:12 PM   #15 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

I think personal finance should be taught in high school...the first time I had to balance a check book or pay taxes was really terrifying. I still have to call my mom all the time when I get confused (she's a tax lawyer).

In response to ten's comment about car repair, although I don't drive a car I think that'd be really useful too, at least in most places in the country.

My school didn't have a shop class and it's something I really regret...particularly when I'm ****ing around with bike hubs or something mechanically complicated. A simple primer on tools would have been invaluable.
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Old 04-26-08, 03:22 PM   #16 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Originally Posted by new coup for you View Post
I think personal finance should be taught in high school...the first time I had to balance a check book or pay taxes was really terrifying. I still have to call my mom all the time when I get confused (she's a tax lawyer).

In response to ten's comment about car repair, although I don't drive a car I think that'd be really useful too, at least in most places in the country.

My school didn't have a shop class and it's something I really regret...particularly when I'm ****ing around with bike hubs or something mechanically complicated. A simple primer on tools would have been invaluable.
Exactly! Although I have learned to fix my own bike, just from taking it apart and putting it back together; trial and error.
But a car is far too valuable to tinker with that way. I don't know the first thing about how to take care of even minor maintenance issues on a car.

I think, just a class that encouraged mechanical aptitude, that allowed students to take apart appliances and tinker with them and figure out how to put them back together, would be extremely practical and educational. It would allow kids' minds to develop in a whole different direction from the usual direction taught in school.
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Old 04-26-08, 03:31 PM   #17 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

to be honest the two most useful courses I took in high school were AP Government and Home Ec.

Government taught me how the system actually works structurally, useful when the multitude of college idiots claim that the electoral college was invented by Joseph Stalin to destroy democracy and operates by throwing all the ballots into a fire and then allowing a headless chicken to run around and choosing whatever candidates it collapses closest too as our next Supreme Warlord.

Home Ec taught me how to get stains out.

Last edited by new coup for you : 04-26-08 at 03:33 PM.
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Old 04-26-08, 04:44 PM   #18 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

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Please don't fib. You know that I'm a business consultant.
Sure you are and I'm Queen Marie of Romania.
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Old 04-26-08, 05:46 PM   #19 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

Dealing with modern cars is impossible for the typical hobbyist. Modern cars have computer systems that require serious hardware to even communicate with. Other than dealing with the very basics, there is little the average person can do to maintain a modern car on their own. Rotating tires and changing the oil is about all you can really do.

Having a real "civics class" in Highschool should be mandatory. It should cover the basics of being an adult citizen. It should cover finances and monetary stuff like credit ratings, your legal rights as a citizen including dealing with the police and how to register to vote,
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Old 04-26-08, 09:59 PM   #20 (permalink)
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Re: Should a basic personal finance class be mandtory in High School?

My high school had an economics course as a required class during your senior year in high school. There was no way around it if you wanted a high school diploma. It was only a semester long, and very basic but part of it was dealing with personal finance. I think it was a great course(in hindsight, I hated it when I had to take it) as it comes at a time right before you are going to be entering the workforce, or going onto college and being on your own(in most cases). It wouldn't help you learn to finance a house or anything, but it gave you some basics of checking and savings accounts, as well as some loose studies of investments.
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