‘Twas the night before Christmas and all through the house,
Not a creature was stirring, not even a mouse
Children asleep lying under their covers
Hoping for money from their rich grandmothers.
As good economists they know the costs
That presents only bring deadweight loss.
Alas when they woke, they found under the tree
Something that noone should ever see.
Gift boxes wrapped up with ribbon and bow
The little economists thought no, no, no, no.
This will never do, the little economist said in his head
While holding the sweater with too itchy of thread.
Smiling and trying to be discreet,
While frantically looking for a gift receipt.
The loss of value in gift giving is no laughing matter,
So next time there arise such a clatter.
Simply remember this economist’s tale
That christmas gifts are bound to fail.
for more reading on why gift giving causes deadweight loss: christmas-gift-giving-wasteful