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Is Christmas Inefficient?

Authored by Jeffrey Tucker via The Mises Institute, After hundreds of years of attacks on Christmas, economists have finally gotten into the act. Yale University’s Joel Waldfogel, writing in the American Economic Review, condemns what he calls “The Deadweight Loss of Christmas.” Once you cut through the calculus and graphs, his conclusion is clear: though Christmas […]


hedgeless_horseman’s annual Twelve Days of Christmas shopping list for the ZeroHedge readers in your life

  Tis the gift to be loving, tis the best gift of allLike a quiet rain it blesses where it fallsAnd with it we will truly believeTis better to give than it is to receive -Additional verse to Simple Gifts   Here it is, again, with plenty of time remaining for you to deploy capital: […]