Friday, July 24, 2009

How about stimulus to help people protect themselves from making bad mistakes

i know there are a lot of problems that Obama is trying to solve, and I continue to be impressed, for the most part. I'd like to see a little stimulus money go towards financial education--we'll continue to fall prey to our human emotions if we don't understand them. how many investors are out there right feeling self loathing because they were invested in cash and watched the market climb past 9000? how do we know now is the good time to get back in? do we ever get back in? a little understanding of how we are hardwired would go a long way to address that little social security problem looming over us. If anyone on his fiscal team is listening, there are a lot of good people with good answers-now let's through some money at them to distribute the answers that can start with each of us at home. (Carl Sunstein-you are the closest one to him, let's see you get to things thumping!)

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