Your holiday spending may result in an economic loss
Clip: 12/23/2013 | 8m 30s
Scrooge alert: Your holiday spending may result in an economic loss
When purchasing holiday gifts for your friends and family, is it really the thought that counts? Some economists argue that spending money on presents that don't produce the same amount of satisfaction from the receiver is a dead weight loss. Paul Solman explores this grinchy economic perspective on the holiday shopping season.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Your holiday spending may result in an economic loss
Clip: 12/23/2013 | 8m 30s
When purchasing holiday gifts for your friends and family, is it really the thought that counts? Some economists argue that spending money on presents that don't produce the same amount of satisfaction from the receiver is a dead weight loss. Paul Solman explores this grinchy economic perspective on the holiday shopping season.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...