Shopping And Economics

After my post about online shopping the other day, this article caught my attention. “Rather than buying the pants, which retail for around €100 ($135), Ms. Gillis signed a 12-month lease with their designer, the small Dutch fashion label Mud Jeans. The terms: a €20 deposit and monthly installments of €5. After a year, Ms. … [Read more…]

Pity The Rich

“No man is rich enough to buy back his past.”  -Oscar Wilde Megan McArdle is at it again. She asks “Are the Rich Completely Undeserving of Sympathy?” and concludes that no, we should be empathetic to their plight. All while effectively demonstrating to me that, no, we really shouldn’t. I don’t feel any sorrier for … [Read more…]

A Generation Of Renters

“If money can’t buy happiness, I guess you’ll just have to rent it.” Derek Thompson wrote a piece for The Atlantic about why young people aren’t buying more houses. The reasons are as you would expect; student loan debt, marrying later, lack of funds. There is a reason, and I think a big reason, that … [Read more…]