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Comment by bawolff | Hacker News Reader

So, if you dont need to know about school loans, how about car loans, morgatges, credit cards etc.

If not, which communist utopia are you thinking of where you never have to worry about money, and how do i move there?

Credit cards are rare and pretty much useless in most European countries ( and damn right unusable in the Netherlands for instance).

Mortgages and car loans are pretty simple due to heavy regulation ( they have to show the total interest, how much you will end up paying in interest over the lifespan, etc.), what's there to learn about them?

I mean i could say the same thing about most of the subject matter of this page. Most consumer oriented financial products are fairly simple, and yet people seem confused by them.

That's the point, you're not talking about money, but about debt and risk (people always forget about risk and insurance). What there is to know about credit cards, really? I pay something today with it, then I pay it back at a later date, it's debt.

This will to complicate things more than they need to comes from banks pretending that they are "cool again" and have all sorts of different products, when in reality banking is the most boring thing ever invented: here's some money now, you'll give it back to me at a later date with an interest.

Moreover, by your remark "communist utopia" you're perfectly showing that I'm right in calling for more literacy about history, philosophy and politics. This isn't communism in any possible form, au contraire we're still moving well within the boundaries of capitalism.

communism isn't about abolishing money, or debt

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