But really I can't think of another subject taught that is more relevant to a person's well being and prosperity as classes in personal finance. How can we live in a capitalist society and not teach the fundamentals basis of capitalism? We teach kids the circulatory system of frogs and the conceits of the Great Gatsby and how to bake cakes in home ec and build coat racks in shop class—but it's in question whether schools should teach how to balance a check book?
If the foundation of a good democracy is an informed electorate, then the foundation of a good capitalist society has to be financially sound citizens. I mean we can all agree that the current economic mess we're in is a byproduct of people living beyond their means. Yes, there was some government incentive brought about by cheap money but if you're well-versed financially you don't go chasing what the cheap money brought.
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