Held

I may well have mentioned this before, but must again!
Reading about intertemporal impatience today, and starting to feel rather impatient myself, I flipped the page to see a pink smiley next to “Polonius point” (yes pink smiley drawn by me).

The Polonius point is that consumption position where a consumer neither borrows or lends, ie consumes what income he has. And guess why it’s called the Polonius point? There at the bottom of the page is a footnote to explain:
“Neither a borrower, nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.” Hamlet, Act I, scene iii; Polonius giving advice to his son.

Ok yes so I’ve no idea who else appreciates the author’s effort to explain it here, but I do! It’s just so incredibly funny and cute and you know, just one of those things that actually makes studying fun? Haha. Polonius point indeed.

I also think it’s so difficult to find polonius points in my relationships with others, I have a bad tendency to borrow too much, lend to little. (ie give too little relative to what I receive)