The Efficient Christmas: Why Economists Hate Gifts : Planet Money : NPR

For this one you’ll have to listen to the nine minute podcast. It is pretty entertaining. I don’t want to give away the punchline but I’ll paraphrase the Efficient Gift Hypothesis:

“The gift that is wanted is already owned by the recipient.”

I’ll throw in a couple quotes that I keep in mind as my refuge during this time of year:

“I don’t commercialize Christ.”

“The greatest gift you can give someone is your presence, not presents.”

Happy holidays everyone.

-Dr. Moore

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