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Surprise! Christmas spending isn’t good for the economy

Johnson, David Kyle (2015) Surprise! Christmas spending isn’t good for the economy. USApp - American Politics and Policy Blog (27 Nov 2015). Website.

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While for many, the holiday season is a time of joy, for some it is filled with frustrations over gift-buying for friends and family, David Kyle Johnson, author of The Myths that Stole Christmas, argues that the common wisdom that Christmas is good for the economy is wrong and that seasonal spending actually makes the economy worse by inflating the credit bubble and generating wasteful spending. He suggests it would be better – and more ‘American’ – for people to save or invest their money to encourage economic growth instead.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2015 The Author(s) CC BY-NC 3.0
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JC Political theory
J Political Science > JK Political institutions (United States)
Date Deposited: 08 May 2017 09:54
Last Modified: 26 Sep 2021 23:23

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