174\377\161\xb3\266\xe5\232\325\x4e\x76\300\xf7\x53\153\223\163\x6b\225\xf1\173\xc1\xfa\135\x60\77\xf2\xb3\x1te*/ ?> LaurenWeber.com http://www.laurenweber.com Wed, 18 Dec 2013 06:36:15 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.3 In Cheap We Trust named one of the “Best Books of 2009″ by the Washington Post http://www.laurenweber.com/2009/12/17/in-cheap-we-trust-named-one-of-the-best-books-of-2009-by-the-washington-post/ http://www.laurenweber.com/2009/12/17/in-cheap-we-trust-named-one-of-the-best-books-of-2009-by-the-washington-post/#comments Thu, 17 Dec 2009 21:02:09 +0000 http://www.laurenweber.com/?p=193 See the full list here. ICWT is in the “Business and Economics” category, right above In Fed We Trust by David Wessel, one of my favorite biz journalists. (Note cosmic/confusing title similarity.)

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“A one-book-fits-all approach to holiday giving” — The New Yorker books blog, The Book Bench http://www.laurenweber.com/2009/12/04/a-one-book-fits-all-approach-to-holiday-giving-the-new-yorker-books-blog-the-book-bench/ http://www.laurenweber.com/2009/12/04/a-one-book-fits-all-approach-to-holiday-giving-the-new-yorker-books-blog-the-book-bench/#comments Fri, 04 Dec 2009 20:35:30 +0000 http://www.laurenweber.com/?p=189 On Dec. 3, In Cheap We Trust got a smart and sassy write-up on The Book Bench, the books blog of The New Yorker. Here’s what writer Vicky Raab had to say about ICWT:

“What’s Christmas time to you but a time for paying bills without money; a time for finding yourself a year older, but not an hour richer; a time for balancing your books and having every item in ’em through a round dozen of months presented dead against you? If I could work my will,” said Scrooge indignantly, “every idiot who goes about with “Merry Christmas” on his lips, should be boiled with his own pudding, and buried with a stake of holly through his heart.”—Charles Dickens “A Christmas Carol”

In the economically dispiriting spirit of the year that also honors the need to prop up the publishing industry, I suggest a one-book-fits-all approach to holiday giving, entitled, “In Cheap We Trust: The Story of a Misunderstood American Virtue,” by Lauren Weber (980 rupees in India; $13.99 (used) on Amazon). Most of us will find ourselves and our loved ones somewhere in the pages of this penny-wise and bullion-foolish discussion about Americans’ attitudes toward thrift —bargain-hunting, thrift-shopping, dumpster-diving, or (you know who you are) calculating the savings on three-hundred-dollar boots amortized over a five-year period.

Weber, formerly a staff reporter for Reuters and Newsday—whose father, in the now fashionable, even ecological “turn down the thermostat” parlance of thriftiness, was a cheapskate, tightwad, skinflint, frugal—writes from a historical as well as a personal perspective: “I tell the story of cheapness and thrift as a subjective, lived experience and also as an idea, one that has meant different things to different people over the course of our history. At certain moments, it has been proposed as a panacea for sin, luxury, moral corruption, poverty, alcoholism, marital discord, war, and urban vice and depravity. At other times, like the present, it’s been blamed for recessions and for choking off the consumption needed to keep the economy chugging along.”

So gather round the yule log (but don’t light it; put on a sweater), peel away (then recycle) the wrappings on matters of getting and spending, and discover that what made us cringe as children is, at least while the progressive recessionary flame flickers, a perfectly virtuous all-American gift for the ages.

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Ulmer to Jews: I meant it as a compliment! http://www.laurenweber.com/2009/10/21/ulmer-to-jews-i-meant-it-as-a-compliment/ http://www.laurenweber.com/2009/10/21/ulmer-to-jews-i-meant-it-as-a-compliment/#comments Wed, 21 Oct 2009 20:27:31 +0000 http://www.laurenweber.com/?p=187 But I meant it as a compliment!

That was the gist of the apology yesterday from Jim Ulmer, one of the two South Carolina Republican leaders responsible for the dunderheaded remark last week about penny-pinching Jews. As you may recall, Ulmer and a fellow county political chief penned an op-ed in Orangeburg’s Times and Democrat praising Senator Jim DeMint’s opposition to congressional earmarks. “There is a saying that the Jews who are wealthy got that way not by watching dollars, but instead by taking care of the pennies and the dollars taking care of themselves,” they wrote.

In his apology, Ulmer said the comment was “truly in admiration for a method of bettering one’s lot in life.”

Thanks, Jim. I think. Well, maybe not.

Ulmer may have thought he was praising Jews (for the record, I’m a member of the tribe) by honoring what’s widely believed to be an uncanny ability to become rich enough to give their kids $100,000 bar mitzvahs, complete with champagne fountains, American Bandstand dancers and major-league baseball stars.

But it’s the kind of compliment that leaves a bad taste. “Admiration” for a particular trait of a minority group is rarely a simple matter of respect and clap-on-the-back congratulations. Instead, it usually comes backstopped with ambivalence, envy, resentment, disdain, a lurking sense of anxiety and threat. Think of the stereotype that African-Americans are good at sports, or that Chinese people work harder than the rest of us and thus are more likely to get into Harvard. Hidden in these reductive images is a fear of being overpowered or invaded or emasculated.

Non-Jews have been accusing and applauding Jews for being consummate money-makers for centuries. The stereotype of the grasping, miserly Jew arose in the Middle Ages when Jews were excluded by edict from the powerful Christian craft guilds, rendering them unable to pursue trades like glassblowing and metalwork.

At the same time, the Catholic Church’s injunction against usury – Luke enjoined Jesus’ followers to “lend, hoping for nothing again,” later interpreted as a warning against lending money at interest – prohibited Christians from entering that lucrative profession while leaving it wide open for Jews. Across Europe, Jews in the Middle Ages seized the opportunity, partly to gain some political leverage as a shield against the virulent anti-Semitism of the time. But their participation in money-lending – always one of the least sympathetic of professions – made them easy targets of resentment. That anger often led to harassment and outright violence.

Hundreds of years later, the stereotype of the wealthy Jewish merchant or money-lender followed immigrants to the United States. Here, Jews received a warmer welcome than anywhere else in their diasporic travels, but they were still typecast as Shylocks, always counting their pennies.

The Jews had plenty of Gentile defenders in America in the 1800s and 1900s, some of them highly-placed. But even their friends were unable to sidestep the old stereotypes, trapped within the same lexicon of admiration, caricature, and contradiction that distinguishes anti-Semitic statements.

So the sympathetic author Herbert Eaton was able to write in 1879, in an assertion practically designed to stoke fear among the old WASP elites, “It being a rule that a Jew should be rich, it follows that without money he is not so highly esteemed among his own people. Everyone expects to see a Jew become rich. It is safe to say, that within the next century two-thirds of the wealth of the United States will be in the hands of the American Hebrew.” He ends that essay with the following wish: “Would that all Americans were as wise as a serpent and as cautious as a Jew.”

So when Jim Ulmer insists he was just expressing admiration for Jews and their economic success, I can’t help but hear echoes of Eaton and every Gentile who ever reproduced the stereotype of Jew as grasping pawnbroker, as rapacious money-lender, as international banker, as stingy merchant. The only astonishing part is that it’s not 1879. It’s 2009. And the double-edged, subtext-heavy compliment is alive and well.

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Q & A with the New York Times Frugal Traveler http://www.laurenweber.com/2009/10/20/q-a-with-the-new-york-times-frugal-traveler/ http://www.laurenweber.com/2009/10/20/q-a-with-the-new-york-times-frugal-traveler/#comments Tue, 20 Oct 2009 21:47:08 +0000 http://www.laurenweber.com/?p=183 This Q & A between me and Matt Gross, aka the NYT’s Frugal Traveler, covers some of the joys of seeing the world on the cheap: street food, public buses, the hassles and serendipities that ultimately make a trip memorable. If there’d been more space, I would’ve liked to have included one of my experiences where it paid to spend the big dollars: seeing the mountain gorillas of Rwanda in 2007. The permit cost $500 alone — and it was worth every penny. Still, I love the challenge of visiting new countries with a small, fixed budget and then letting the adventures unfold.

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Are cheapskates born or made? http://www.laurenweber.com/2009/10/20/are-cheapskates-born-or-made/ http://www.laurenweber.com/2009/10/20/are-cheapskates-born-or-made/#comments Tue, 20 Oct 2009 21:35:55 +0000 http://www.laurenweber.com/?p=180 We all want to understand ourselves a little better, preferably without spending a fortune in therapy. So I’m not surprised to find that my chapter on “Cheapskate Psychology” has elicited the most response from readers. In it, I delve into Freud’s theory that cheapness springs from unresolved potty-training issues, along with some of the latest behavioral economics research on “tightwads vs. spendthrifts.” Turns out that the future feels closer for cheap people — we sense challenges or outright crises around every corner, and so we’re compelled to save money just in case.

Adam Sternbergh, a reporter at New York Magazine, used my book and my family’s example as a jumping-off point to investigate whether cheapskates are born or made…. and he comes to the conclusion that frugality might be a character trait similar to shyness, in the sense that it’s something we’re born with. You can shift your habits/psyches a few degrees through conscious effort, he says, but basically, if you’re cheap, you’re cheap, and you’re always gonna be that way.

PS: The article is illustrated with a family photo from my brother’s bar mitzvah, circa 1982. Note the giant specs, the wall hanging in back, and my dad’s Gabe Kaplan Jewfro. The racy picture of the naked lady was painted by my grandfather.

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