Saturday, September 15, 2012

Monitizing Our Familial Relations

Brad de Long:
In a non-recourse state like California, the optimal housing strategy is obvious: (i) build good relationships with your children so that you trust them with your assets ...

A very inspiring vision for society, no doubt. Once upon a time, this kind of craven materialism would have been looked down upon.

Economics really doesn't have much interest in the complexity of human nature.

1 comment:

Lindsay said...

Yeah, that's really gross. However, "once upon a time" it was even grosser: your children WERE material "assets".