Financial Ignorance – Americans Choose Chocolate Over Silver

“No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts….” – Article I, Section 10, Clause 1 of the Constitution

There’s a video going around where a man offers people the choice between a Hershey chocolate bar that costs around $2.00 and a ten-ounce silver bar. The people on the video choose the chocolate bar. (see video below)

We’re not shown anyone who chose the silver bar. I would have liked to have seen follow-up footage of the man explaining to the people that they took a perishable item that cost $2.00 (instant gratification) for a non-perishable item that is valued at more than $150 that they could have cashed in at any jewelry store or pawn shop.

Are these people that ignorant?

 

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Gary DeMar

Gary DeMar

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