Daily Archives: December 25, 2017

Have yourself a dismal Christmas

ONLY an economist would think to ask whether Christmas is efficient. In 1993 Joel Waldfogel, then a professor at Yale University, turned a lunchtime conversation with colleagues into a paper entitled “The deadweight loss of Christmas”, which argued that, no, it is not. That gift-giving might actually be bad is the kind of opinion which breeds a deep mistrust of ...

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Melania Trump snaps festive Christmas selfie

First lady Melania Trump visits with children in the Red Room working on holiday treats among the 2017 holiday decorations with the theme “Time-Honored Traditions” at the White House in Washington, Monday, Nov. 27, 2017. The First Lady honored 200 years of holiday traditions at the White House.  (AP Photo/Carolyn Kaster) The first lady snapped a festive selfie as she ...

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