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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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Be Your Own Counterfeiter
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Being Tim Geithner
Apr 25 200912:04pm EDT -
Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
Apr 24 20092:04pm EDT -
Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
Apr 23 20096:04pm EDT -
The Shape of Your Recession
Apr 23 20095:04pm EDT
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Jun 25 2008 12:00am EDT
Another Use for Lottery Tickets
Buying lottery tickets can be rational, and it can be a means to the end of investing your money for the right reasons rather than the wrong reasons. But it's still a great way of losing money, and most people shouldn't do it.
Which, weirdly, makes lottery tickets great gifts. The ideal gift is something the recipient wants, and values, but would never buy themselves. Which is why when they're given lottery tickets, people feel so good they'll even donate blood. Powerful things, lottery tickets.
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