Prof. Xavier Gabaix on the value of financial literacy
October 11, 2012
Excerpt from NerdWallet -- "I think that some classes should be made mandatory in high school — high school rather than college, because it’s the least educated who need those classes the most. Finance is a somewhat novel and abstract field, and it should be learned. Some basic rules of thumb are pretty simple to learn, but they will go a long way towards avoiding catastrophic finances down the road."