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Crazy forever
Merry Christmas from Chicago!
Buying a gift may spread holiday cheer, but it also spreads something else: Global wealth destruction.
Joel Waldfogel calls holiday gift-giving "the subversion of the usual way that economic activity works."
You can tell Waldfogel isn't from the North Pole. But believe it or not, he lives close enough. He is the Frederick R. Kappel Professor of Applied Economics at the University of Minnesota.
He is also a research associate at the National Bureau of Economic Research, the official arbiter of when recessions begin and end. And he is the author of "Scroogenomics: Why You Shouldn't Buy Presents for the Holidays," published in 2009.....
It's pretty much their version ofYou guys have a space channel?![]()