(Bloomberg) -- With Black Friday kicking off retailers' most important shopping season of the year, economist Joel Waldfogel shares his advice for buying presents: Don't. Waldfogel, author of the book "Scroogenomics," discusses his notorious theory on the inefficiencies of bad gift-giving, with suggestions for what to do instead.

<p>(Bloomberg) -- With Black Friday kicking off retailers' most important shopping season of the year, economist Joel Waldfogel shares his advice for buying presents: Don't. Waldfogel, author of the book "Scroogenomics," discusses his notorious theory on the inefficiencies of bad gift-giving, with suggestions for what to do instead.</p>

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

<p>Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.</p>

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Episode 13: How to Give Holiday Presents Like an Economist

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5c3ef5d9-cdba-4cc2-94d5-ae2b002a51e7/transcript