Idiot bureaucrats of the dayDecember 10, 2009 Tim WorstallYour Tax Money At Work2 CommentsHere. Those regulating returns on investments cannot calculate returns on investments. previousToday\’s RitchienextLine of wisdom of the day 2 thoughts on “Idiot bureaucrats of the day” Paul December 10, 2009 at 1:46 pm That’s nothing. I once had a huge row with almost an entire bank staff over the Dollar exchange rate. The fifth person involved was sufficiently clued up to realise that £100 converted into US Dollars wasn’t likely to be $50 whatever the rate was ……. the rest didn’t grasp the difference between multiply and divide. John Hempton December 11, 2009 at 2:04 am We talk a lot about financial literacy being important but the problem here is literacy in general. When bank staff (who you would assume are numerate) cannot tell the difference between divide and multiply (and I am sure this happens) then what can you do? J Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.