tag:blogger.com,1999:blog-5603375794810392270.post7765523739550119177..comments2023-03-24T19:18:09.313+08:00Comments on Fearfully Opinionated: financial ignorance and educationFearfully Opinionatedhttp://www.blogger.com/profile/13742668709052406391noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5603375794810392270.post-36738213501266589402006-12-21T21:23:00.000+08:002006-12-21T21:23:00.000+08:00Dear all,
probably no one is still on this thread...Dear all,<br /><br />probably no one is still on this thread, but I thought I'd make a reply for the sake of closure. Sorry for not replying. I've been busy the past couple of days, and when I was online, my mind wasn't really on the issue of financial planning.<br /><br />Aaron,<br /><br />I am no economist nor am I a civil servant who knows the goings-on behind moneySENSE. Therefore I am in no Fearfully Opinionatedhttps://www.blogger.com/profile/13742668709052406391noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-12646781083715751822006-12-17T19:15:00.000+08:002006-12-17T19:15:00.000+08:00I fully agree that financial literacy should be ta...I fully agree that financial literacy should be taught in schools. You should see how irresponisbly students (at least in my school)handle money. I once did a short exercise with my class whereby they listed their expenditures and savings and most of them spend way above their allowances, taking money from their parents (who often fail to pay their school fees because of a lack of money).<br /><Piperhttps://www.blogger.com/profile/14409065325071215253noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-10214862327711662592006-12-17T18:49:00.000+08:002006-12-17T18:49:00.000+08:00Dear Aaron,
Thanks for your kind reply.
Yes, "s...Dear Aaron,<br /><br />Thanks for your kind reply. <br /><br />Yes, "spamming and trolling" are definitely good reasons to block anonymous comments. What am I concerned is his timing of the sudden blockage after receiving one "comment"? I do not understand this action. <br /><br />Are there any useful message that he would like to convene to the blogosphere about people leaving anonymous "joehttps://www.blogger.com/profile/09958786676444100994noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-424486594691237632006-12-17T16:34:00.000+08:002006-12-17T16:34:00.000+08:00Simpleperson,
Allowing only registered users to c...Simpleperson,<br /><br />Allowing only registered users to comment prevents spamming and trolling. If anyone is really interested in a honest discussion, what's so difficult about registering? I host my own blog outside of blogspot but I don't see it as a hassle to register an account to contribute to a meaningful discussion (I hope I do contribute).Aaronhttps://www.blogger.com/profile/02909613260844963526noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-35274320219271111442006-12-17T12:42:00.000+08:002006-12-17T12:42:00.000+08:00Of course, nobody wanted to be in debt. But has an...Of course, nobody wanted to be in debt. But has anybody looked carefully WHO are in debt. Even if one try to live within their means, there are always state mechanisms that force you to somehow borrow money. Look at the housing loans. The amount of debt keeps people off politics, it make people worry about their day to day struggles with getting more money. The government wants the majority of joehttps://www.blogger.com/profile/09958786676444100994noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-85852076269858917242006-12-16T18:19:00.000+08:002006-12-16T18:19:00.000+08:00KTM,
I was referring to debt as per my original a...KTM,<br /><br />I was referring to debt as per my original article, which was dealing with personal finance. My definition of debt is thus in that context. I agree that corporate debt increases leverage while personal debt drives people to ruins, but either way, the financial institution providing the loan benefits by earning interest, which can be used to loan out even more money to generate Aaronhttps://www.blogger.com/profile/02909613260844963526noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-3406355050197072422006-12-16T14:22:00.000+08:002006-12-16T14:22:00.000+08:00Aaron,
There are two kinds of debt. There is corp...Aaron,<br /><br />There are two kinds of debt. There is corporate debt (which provides leverage) and personal debt (which often drives people to bankruptcy). It is probably prudent for us to cut down on the level of personal debt. <br /><br />Fearfully Opinionated,<br /><br />This piece is good and it set the KTM thinking about how to teach financial planning. One idea came to the KTM. There is kwayteowmanhttps://www.blogger.com/profile/10586538402729252879noreply@blogger.comtag:blogger.com,1999:blog-5603375794810392270.post-46871557638176017112006-12-16T13:39:00.000+08:002006-12-16T13:39:00.000+08:00Of course the government doesn't want citizens to ...Of course the government doesn't want citizens to go into debt in the political sense. From the economic standpoint, it is good to have debt because otherwise, the circular flow of money is going to slow down considerably. Of course, making a public statement that debt is good is going to be political suicide, while implementing moneySENSE is politically beneficial. Like you, I do not know the Aaronhttps://www.blogger.com/profile/02909613260844963526noreply@blogger.com