Merry Christmas

From TVHE.

And don’t forget – if it wasn’t that we arbitrarily valued the idea of people spending time “thinking” about our gifts (and that the gift givers sometimes value looking like they are thinking) it would just be optimal for us to give each other money 😉

Also note that the cost of Christmas dinner has fallen 3.5% this year (or closer to 5% in real terms).  Is this the result of deficient demand, improving productivity, or some other shock.

Christmas always raises a lot of important economic questions 😛

  • Merry Xmas.. Have a blast for this Christmas and new year..

  • merry Christmas too
    really love your blog, hope the best for your blog in this Christmas and new year’s. 😀

  • Merry Christmas to all of you. There wasn’t much economic variation in India on this festival season, Christmas

  • Hope you all had a great Christmas and are looking forward to a happy New Year, hopefully with a steady improvement in the economy.

  • Have a blast of time

  • Yes, Merry Christmas to everybody. Even the folks who don’t celebrate. In that case have a nice day.