The Economics of Christmas: An Addendum
By David Henderson
John Carney, over at CNBC, has a hilarious parody of some of the leading economics blogs. The topic: the economics of Christmas.
I can’t top it, but here is an addendum.
Brad DeLong, Grasping Reality, “Worst Person in the World”
Santa Claus has not spoken out against income inequality. That makes him today’s “worst person in the world.”
David Henderson, Econlog, “How Americans’ Focus on Santa Promotes Nativism”
How come everyone’s always focusing on what Santa is bringing to American kids? What are they, nativists?
UPDATE: Never mind. Mark Bahner just informed me that Santa brings toys to kids around the world. My bad.
Daniel Kuehn, Facts and Other Stubborn Things, “This is What Austerity Looks Like”
Look at this graph of the value of gifts brought by Santa. Sure, it increased, but the rate of the increase is much lower than at any other time in the last 50 years.
Merry Christmas, everyone!