Christmas gifts aren't wasteful

Christmas gifts aren't wasteful
Published December 24, 2020
Among the pagan-inspired customs of the Christmas season, there has come to be the ritualistic burning of the straw man. Specifically, I refer to the traditional seasonal column by a sly journalist or political analyst asserting that the exchange of Christmas gifts is a major lose-lose for the economy.
I’ve read pretty much the same piece over and over for decades. The first version of the argument I saw was, I believe, in a New Republic column several years after I left the magazine. In brief, the argument is that gift-giving is a waste of economic resources. Because the giver cannot crawl inside the mind of the receiver, the giver’s selection of a present can’t possibly be as satisfying as a good the receiver would purchase for himself with the same money.

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