Every December, my kids ask me the same question: Why don’t they get holiday presents? It’s not that they’re naughty. They’re nice! It’s not that we don’t get into the holiday spirit. We do! We light candles, decorate the tree in our building lobby, prepare and eat special dishes, go to dinners and parties and readily participate in “secret Santas” at school and with friends.
Why the Scrooge routine then? My answer is always the same: I’d rather surprise them throughout the year when they need something specific or I spot an item or an opportunity I know they’d like. Apparently, the principles of “Scroogenomics,” a point of view espoused by Joel Waldfogel, chairman of business and public policy at Wharton, in his book about why giving Christmas and Hanukkah presents is bad economic policy, are alive and well in our household
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