I tweeted the following last night:

Economic and financial literacy among the populace is abysmal, and my impression from my own education and from observing the passing scene is that people pay lip service to financial education but treat it more as an “oh yeah, that too” topic.

If education really is about human capital and even if it is about signaling, wouldn’t it make sense to spend a lot more time and energy teaching about finance? What should we give up?