Shallow graves for shallow people
Jeebus, some people!
But in this post I’m specifically addressing a question that is raised by one economist or another almost every year: isn’t Christmas a huge waste? All those presents that no one wants represent huge deadweight loss. Wouldn’t well all do better by giving cash, or skipping the process entirely?
This seems like a silly question in a world of wishlists–I got the exact martini glasses I wanted, the exact electric pressure cooker I wanted, and the exact 13-inch cast iron skillet I wanted, because people could go right on my Amazon wish list and identify them. And yet, I still had the surprise and thrill of opening gifts (well, okay, I knew what the skillet was before I opened it), because there were a number of things on my list. As far as I know, this experience was shared by everyone else around the McArdle hearth. And by millions of other families in the United States.
“This seems like a silly question in a world of wishlists”
It does indeed.