The best gift is one the recipient didn't know they would like but the giver, through investment in the relationship, correctly anticipates—or one the recipient wanted but would never buy for themselves because it seemed self-indulgent; receiving it as a gift removes the guilt while the recipient would genuinely refuse the equivalent cash plus the option to buy it.

factualpending

Speaker

Russ Roberts

Evidence Quote

now you get all the benefits of looking at the picture every day and there no one will be if I bought it for myself it would be self-indulgent

Source

Mike Munger on Love, Money, Profits, and Non-profits 04/19/2010EconTalk
Created: 6/17/2026, 10:31:45 AM

My Notes

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