cosm writes: Want to teach your progeny the perils and perks of credit? Kwedit is a company based out of Mountain View, CA, offering a credit-like service for anybody (13 and up), teaching the dynamics of credit based transactions. After checking out their website, it appears Kwedit encourages kids to purchase virtual goods on credit, and pass the buck to their parents if they can't pay. Is Kwedit just some pyramid scheme variant? Or are they the forerunners in disseminating intelligent financial management skills? TechCrunch casts Kwedit in fairly positive light, while Steven Colbert points out their possible ulterior motives. Considering the state of our economy, it is presumable that increased education in fiscal responsibility would be beneficial to our nation. Does Kwedit fit the bill?