Layaway Plans

There’s going to be lots of shopping happening in the next two months for obvious reasons that I don’t want to talk about yet because it’s still October and I am holding on to that for now, and Alex Tabarrok at Marginal Revolution had a little rant this morning about why layaway plans are so terrible despite consumer advocates saying they’re great.

A Bunch of Economists Talk About Gift-Giving

In the latest Freakonomics podcast for Marketplace, Kai Ryssdal and Stephen Dubner talk to a bunch of economists about the best way to give gifts, and then Dubner gives Ryssdal some gifts.

Poverty and Attention Shortage

Basically, this says that since I’m not worried about how I’m going to pay rent next month, or whether or not I’ll have enough money to buy groceries, I can think about what I need to do over the long-term to stay financially stable. People without money spend much of their time figuring out how to address these immediate needs, so saving for the future isn’t as important as paying for the things they need now.