Tag Archives: money

Education

What if US currency featured science instead of people?

There is a lot of news this week surrounding the usage of Harriet Tubman on the new $20 bill in the United States. But did you ever wonder what US currency might look like if it featured scientific achievements instead of people?
Well, it might actually look a little like this rendering I recently discovered on imgur.
As you can see below, the individual bills are artistically designed to showcase things like astronauts, agriculture, buildings, environmental science, and more. There aren’t a ton of explanations on each bill but there is enough information to spark an interest.
I am of course not saying that US presidents and other noteworthy figures shouldn’t be on currency, just that it might be interesting and a fun new way to educate others about scientific achievements. That being said, I imagine this might be fraught with controversy for numerous reasons. Similar to the controversy around pretty much all other large-scale decisions, this one is likely never going to happen.
But it’s nice to dream. After all, that’s how most of these scientific achievements got started in the first place!

What would YOU put on your currency if you had the choice?

Share your thoughts with @DailyGenius and we may just make a rendering for you!

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Education

What if education in the U.S. was totally free?

What if education in the U.S. was totally free? Like, all students could attend any school anywhere in the U.S. since it would be paid for by tax dollars.
What if we flipped the system and gave the education system the same budget as the current military budget? And the military budget was given the current education budget?
Like many, I have a lot of questions about the future of education. I did some web research to try and uncover the answers to these very complicated and difficult questions. What I found might actually make you change your perspective and understanding about where we’re headed (here in the U.S.) in terms of education, military, and spending in general. On a side note, did you know the Daily Genius editors are also on Run A Country? It’s a site all about politics, government, and the future of countries. You know, little stuff like that.

Question 1: What if school was totally free?

Sam-Waltz-Expert-Education-Equals-SuccessHere’s a great answer I found on Reddit that explains the benefits and potential problems:
Schooling system in my country(Slovenia) is almost exactly as you described. Education is free from primary school all the way up to phd. Everything is funded by taxpayers money so basically the only thing you need to pay for are books and pens. While attending university you also get different benefits like tax reduction if you decide to work, coupons for lunch so you don’t have to pay the full price for your meal, cheaper monthly tickets for public transport, etc. Schools with tuition do exist. However their courses haven’t been tested yet so there is no guarantee you will get a job when you get the degree.
On the other hand such a system has considerable amount of flaws. Many people decide to abuse it for years so they enroll in a university solely for benefits, therefore they don’t actually attend classes. Because of the crisis the government can’t spend the same amounts of money for education, so they decided to cut teachers salaries. Consequently many of them became overburdened with responsibilities and extremely unhappy with their position, which decreased the quality of education. Many people also study for professions that don’t have any demand on the market.
To sum up, free education may seem like a good idea, however it cost a lot of money for the government(ours is almost bankrupt) and decreases the quality of education for everyone. – hjkl55 on Reddit

Question 2: What is the biggest problem with school-based education?

Screen Shot 2015-03-09 at 4.37.56 PMThis is a great bit of tough-love, no?

Consequences. Children get away with murder, and get passed from grade to grade regardless of what they do or know. Consequently, I now get 7th-8th graders who can’t read, can’t write, can’t do simple addition/subtraction, can’t tell time on an analog clock, and don’t particularly care.

We need to go back to flunking kids, and if that means a bottleneck in the 3rd grade, then we have to find a way to deal with it. – an_imperfect_lady on Reddit

Question 3: Will tablets revolutionize education? Spoiler: no.

Screen Shot 2015-03-09 at 4.38.26 PMThe actual teaching and learning requires a human. Simple as that.

Tablets are a tool that educators can use to help student learn but they cannot replace good teaching and teachers. My concern right now is that there is an over emphasis on technology in education. Technology does have a place in education but it not something that will revolutionize learning or replace good teaching. – gereth on Reddit

Question 4: Is an education more valuable simply because it has a higher price tag on it or the institution has a low acceptance rate?

images-golocalworcester-com-lifestyle_College+Admissions+Rejection-360x277The notion of ‘value’ is key to understanding what an education is worth.

Here is why it’s a bad idea: Teachers are under paid as it is. Let’s say these professionals start doing their job for free; The most underpaid profession is now agreeing to be paid nothing for the sake of humanity, much of which probably won’t use gained knowledge for the purposes intended. I liken this to medical science, on a very different scale. The USA is prized in it’s staunch and rigorous medical profession. No one in this profession is willing to spend vast sums of money and time to culminate this type of knowledge, only to provide said service for free. This is what we call capitalism.
This is both beautiful and terrible.

The market can support itself based on selfish self-progression. If you take that away, everyone is working for practically nothing. Doctors spend 16 years becoming doctors because of a competitive market. It’s strangling some of the health initiatives in the world, but it’s also responsible for making vast leaps on medicinal technology and understanding. Innovation can’t happen without a driving force. If you don’t incentivize progress, you’re going to wind up with less than impressive results. Sharing knowledge is one thing; sharing your life’s work for free is entirely different, especially in academia.- Howmerlotcanyougo¬† on Reddit

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Education

How Japan's Debt Problems Happened (And What's Next)

The debt crisis in Japan is not something typically discussed in other countries outside of a classroom. This video clarifies what exactly the problem is, how it’s been building, and what’s being done about it.

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Education

The Beginner's Guide To Money And Debt

We’ve all had debt. In fact, most of us have some debt right now. Some of us even have a LOT of debt. Student loans, credit card payments, mortgages, etc.
But how does the process of accruing and paying off debt actually work?
This video is a fun visual guide to money and debt that details how the process works around the world. It’s a great introduction for any student, teacher, parent, or really anyone who pays for anything. Seriously. Pay for something in your life? This video is worth seeing.

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Education

Neil deGrasse Tyson: Bill Gates Wouldn't Bother Picking Up $45,000 Off The Ground

Ever wonder how rich the uber rich are? When it comes to the uber uber uber rich, Bill Gates is typically the first name that comes to mind. In a 2011 video, the always charismatic Neil deGrasse Tyson used Gates’ wealth as an example during a talk.
Tyson explained how rich Gates with a simple example:
If Tyson was walking down the street and saw a penny, he wouldn’t bother picking it up. If he saw a quarter, however, he would pick it up. He views that as a useful amount of money. Same probably goes for you as well, right?
If Gates was walking down the street and saw a quarter, he (in theory) would definitely not pick it up. In order to have the relatively same amount of money on the street that it would be worthwhile to him, Bill Gates would have to stumble across $45,000 on the ground. That’s the equivalent of a quarter ($0.25) to you and me.
Now how’s that for depressing? You’re welcome.

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Education

How The Stock Exchange Actually Works

We’re all about helping you learn in a fun and interesting way. The Daily Genius is, quite literally, an innovative way to change the world learn something interesting. This video about how the stock exchange works fits that bill quite nicely.
So what is the stock exchange? Is it a physical place where everyone shouts at each other while news reporters tear their hair out? Well, no. The stock exchange is the tool used by millions of people to move large sums of money (in the form of securities) back and forth.
The video above was made with a focus on Europe but it’s useful for a global audience. They use Euros instead of Dollars or another currency. Also, the narrator has a fabulous accent.
So go on, learn something and then go tell your friends what the stock exchange actually does. They’ll either be blown away or act like they already knew that. Don’t be fooled. You’re now smarter than them. All thanks to this video (and your pals at the Daily Genius, naturally).

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