According to the Treasury, the meeting will include “the unveiling of a new coordinated National Strategy for Financial Literacy. That National Strategy is designed to guide the ongoing efforts of the federal government and private organizations to empower average Americans with the financial skills they need to strengthen their long-term economic security and stability.”

via EconomicPolicyJournal.com: A New Obama Group of Financial Schemers to Hold First Meeting.

So I’m hearing a ton of .gov supported ads for promoting energy efficiency, education, and financial sense lately. Does this mean we will see a stepped-up national campaign:

• Telling people how stupid it is to flease a car?
• Reminding people how much they are losing every week to their state lotteries?
• Encouraging people to never use unsecured consumer debt?

Don’t hold your breath. Whatever this “literacy” involves, I’m betting it will be encouraging people to stay in underwater homes and “only” use their credit cards for “good” debt. The program will pursue some alleged path to keeping the geese laying those golden eggs for Wall Street without dying from the effort.

If you don’t understand that the modern state is a giant predatory lender, you don’t understand the modern state.