I do find it amusing that Capt Smash is leading the charge against innumeracy.
Sigh.
The man who demands that we not discount the future, the activist who compares bond returns with interest to stocks without dividends – he’s backing more numeracy? The bloke whose pensions ideas require saving more than lifetime income to gain a 50% of salary pension?
Hmm. Well, I guess he would know the restrictions innumeracy place upon thought processes……..
I do find it amusing that Capt Smash is leading the charge against innumeracy.
As opposed to the Roderick Spode of Ely leading the charge?
If M2 went up 40% and inflation was only 10%, didn’t someone gain 30% in real purchasing power? What are the odds that someone is a bank investor?
” What are the odds that someone is a bank investor?”
The Barclays share price was £4 in 1990, 30 years later its under half that. The same could be said for Lloyds and RBS/Natwest. HSBC has at least maybe tripled its value in 30 years, possibly because of its exposure to the growth in Far Eastern markets. Something tells me that wherever the money money supply growth has gone, its not to bank investors, in the UK at least. Personally I’d look at the State sector……..
This will be why there’s such an outcry over Shunak’s plans for compulsary maths education until 18. If the kids can actually count, they won’t be able to the taken in by grifters on the Left who insist that numbers adding up is culturally insensitive.