Socialists Make Bad Economics Teachers

Yahoo! has an article on the poor state of high school students' understanding of personal finances.

On average, high school seniors answered correctly only 52.4 percent of questions about personal finance and economics, according to a nationwide survey released Wednesday.

Whoa! Dog bites man! Let's run with this story!

Considering who's teaching them, 52.4% might be considered an amazing victory. There is absolutely no evidence whatsoever that public school teachers have even the vaguest grasp of economics. Endless political campaigns begging for money have led to whopping increases in education spending year after year with no results.

These are the same people who are teaching our kids about economics and personal finance? Here's another shocker from the article:

Only 14.2 percent correctly said that stocks likely would offer the higher growth over 18 years of saving for a child's education. That was down from 17.2 percent who knew the right answer in the 2004 survey. In this year's survey 44.8 percent thought a U.S. savings bond — one of the most conservative investments — would offer the highest growth.

Let's see here, the capitalist investment option, stocks, is seen as less valuable than the government investment tool, savings bonds.

Gasp! THUD!

Sorry, I just fell over from amazement. You mean to say that our public school children, educated by a pack of statist failures bet on the wrong horse financially? No. Can't be!

Next week: high school students show low test scores in military history!