Making Your Tax Rebate Pay

How the dismal science applies to your life.
July 31 2001 3:00 AM

Making Your Tax Rebate Pay

Wanna promote the general welfare? Here's what to do with your tax rebate. 

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When someone borrows $300 on your credit card and hands you a $300 check, the prudent thing to do is to save the money in an interest-bearing account so you'll have it when the loan comes due. That makes the choice pretty simple. Sam just managed to confuse us for a little while.

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Thanks to Andrew Cassel of the Philadelphia Inquirer for asking the question that inspired this column.

Steven E. Landsburg is the author, most recently, ofMore Sex Is Safer Sex: The Unconventional Wisdom of Economics. You can e-mail him at armchair@landsburg.com.

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