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News Link • Economic Theory

It's time to get rid of the lottery

• arclein
I imagine that my mother probably thought about winning the lottery so much because she was a stay-at-home mom during my early childhood. She'd been thinking about going back to college to get her teaching credential, and she'd need money. Or maybe she played because she sensed the imminence of divorce. At a pool party, a friend had told her that someone he knew had won enough to move to Hawaii. I picture my mother outstretched on a lawn chair, looking over her dark sunglasses, listening. "That's when I really started playing," she told me during my last visit home. "That kind of made it real. Like a real possibility."

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