AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
The Company That Cancelled Christmas
Cautionary Tales with Tim Harford
Paying for Christmas After, Not Before
In the US, two-thirds of December spending is charged to credit cards. Many people roll over that credit card debt into January and February. Americans alone spend $100 billion on Christmas every year. If a company like Fairpack went bankrupt every hour of every day, day and night, all the unlucky customers of all the bankrupt Fairpacks still wouldn't have lost as much as we collectively destroy every year just by picking bad Christmas gifts.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode