In the past week a suggestion has come forward that Hoosier schoolchildren should be educated in financial matters. Specific mention was given to loans, mortgages and credit cards.
Although the idea has merit, it is ironic coming from the Indiana General Assembly, that body of superior knowledge when it comes to finances. A basic course in economics, incorporating elements of personal and public finance, would be my recommendation.
How many members of our esteemed legislature understand the fundamentals of financing government when they first run for office? OK, they learn something over time, but their unelected fellow citizens remain ignorant.