Aren’t We Fortunate?

by Don Boudreaux on April 13, 2011

in Nanny State, Other People's Money

Cafe patron Dave Bieler sends this link to a U.S. government site bearing the headline “Financial Literacy: The Federal Government’s Role in Empowering Americans to Make Sound Financial Choices”

In his e-mail, Dave comments “It’s nice to know that the most financially irresponsible people in the country are so concerned about our financial literacy….”

A lifetime spent spending other people’s money does not instill any knowledge of financial responsibility.

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Don April 13, 2011 at 12:16 pm

And next up, the Willie Nelson drug education program.

John V April 13, 2011 at 12:31 pm

I hear Charlie Sheen is getting in on it.

Van W April 13, 2011 at 12:33 pm

Rule 1: Borrower is slave to the lender.

Methinks1776 April 13, 2011 at 12:56 pm

Would this be the “spend or will do it for you, punk.” lesson?

vikingvista April 13, 2011 at 3:45 pm

Here’s the extent of government’s financial literacy:

1. Get a gun.
2. Point gun at neighbor.
3. Tell neighbor to give you money.

Are we to follow by example?

Chucklehead April 13, 2011 at 7:13 pm

1 should be steal gun from neighbor

vikingvista April 13, 2011 at 7:24 pm

Will be included in the errata to The Government Financial Literacy Handbook. Thanks.

Methinks1776 April 13, 2011 at 9:44 pm

Given enough government involvement, history teaches this is exactly what we’ll do.

DavidinOC April 13, 2011 at 1:42 pm

I’d also like to know whether the number of unintended pregnancies and children being raised by single mothers has been reduced by “”.

purplefox April 13, 2011 at 2:51 pm

Thank goodness! How timely! I have been thinking about buying a new TV and was wondering whether I should go with the 57″ or the 65″. Thanks, government!

Ken April 13, 2011 at 5:12 pm

I’m thinking Cass Sunstein.

Dr. T April 13, 2011 at 8:37 pm

“A lifetime spent spending other people‚Äôs money does not instill any knowledge of financial responsibility.”

Sure it does. If all taxpayers were financially irresponsible, there’d be nothing for our governments to steal. Thus, some people in government have been assigned the task of promoting personal financial responsibility to maintain governmental financial irresponsibility.

Designer Wholesale Handbags April 13, 2011 at 11:55 pm

do with the run-up in prices after 2003 or s0. And yes, there were a lot of dumb, myopic lenders, borrowers and bond-fund managers. But why did they start getting dumb in 1997.

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