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To: Toddsterpatriot
Americans are 'financially illiterate

Okay...Compared to who? Compared to when?

11 posted on 02/26/2008 11:25:17 AM PST by yankeedame ("Oh, I can take it but I'd much rather dish it out.")
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To: yankeedame
Americans are 'financially illiterate

Okay...Compared to who? Compared to when?

Dame,

Compared to a caveman back when bucket of rocks with a hole in the middle were considered coin of the realm.

A caveman knew that a round rock with a hole in it was worth one live sheep.

There was no concept of future value.

Give me the round rock and I'll give you the sheep.

When he got four round rocks with holes, he built a platform, put the rocks with holes on it, called it a wagon, and offered to move someones sheep, somewhere, for {the future value of the sheep} when they got there.

Capitalism at work.

Present value --- future value.

Work, time, capital, profit, value.

I think they were on to something.

People can fight, kill, steal things or invest, produce, profit and share wealth.

Seems easy to comprehend.

36 posted on 02/26/2008 1:07:59 PM PST by USS Alaska (Nuke the terrorist savages - In Honor of Standing Wolf)
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