That is the query asked by John Cochrane in this recent draft essay ( non-PDF version here ), in response to a recent Journal of Financial Perspectives article by Robin Greenwood and David Scharfstein. Both need to be essential reading for any introductory finance class. There is so a lot in these essays that one weblog post could not hope to adequately cover the topic, so do not anticipate this to be something resembling a full response.
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The social life is relatively quiet, and consists largely of going to nearby hotels for a drink, or to listen to the nearby bands that are appearing there on occasion. Consuming out is yet another well-liked activity. Regional activities largely involve sea fishing, sailing, surfing, cycling, walking and so on. I also know that for struggling parents with kids, most of them would rather that people get factors for their little ones, specifically about Christmas. We all want our children to have very good memories about the holidays.
