We launch a new calculator that figures out the true "cost of credit" of a loan contract, simple to use but revealing (and sometimes disturbing)

The Most IMPORTANT Video You'll Ever See (part 1 of 8)

5 million views for an old codger giving a lecture about arithmetic?? What's going on? You'll just have to watch to see what's so damn amazing about what he (Albert Bartlett) has to say.

I introduce this video to my students as "Perhaps the most boring video you'll ever see, and definitely the most important." But then again, after watching it most said that if you followed along with what the presenter (a professor emeritus of Physics at Univ of Colorado-Boulder) is saying, it's quite easy to pay attention, because it is so damn compelling.

https://www.youtube.com/watch?v=F-QA2rkpBSY

Entire playlist for the lecture: http://www.youtube.com/view_play_list...

Very disturbing in part, in fact. A great part of society today does not seem to understand the difference between money earned and money borrowed, when it gets down to spending. Often wonder within the great debate about poverty traps, the homeless etc, in what percentage of that indebtedness might have played a part. And in turn does the relatively easy access to credit these days encourage that. Information such as this article should be compulsory somewhere in curriculum of every school child. Can remember, way back in my time, there were lessons “home economics” but that was cooking & domestics I believe. Perhaps bring that back with the accent now on budgeting, saving, investing etc.