22 Days To Go: How Christmas Caused the Financial Crisis

A little over a week ago, I asked, “What…is the lesson from the financial crisis for Christmas? What is the connection between this economic shortfall and our moral heritage?” The best answer came from someone who wasn’t actually trying to answer the question. Yesterday, Wharton professor Joel Waldfogel, of Scroogenomics fame, spoke at LSE. His lecture added another dimension to the deadweight loss of Christmas. The following charts are not included in his book; this is a Trading 8s exclusive…   Continue reading “22 Days To Go: How Christmas Caused the Financial Crisis”