Thursday, August 02, 2007

Lessons of Economic History: don't hoard those Aeroplan points

Aeroplan is cutting rewards for some kinds of travel again. Consumer advocates complain.

Well, good luck to 'em, they are doing their best for us.

But be pragmatic too. Go somewhere. Or buy something. Don't wait too long to use what points you have. Burn down the value in your bulging Aeroplan account before the value shrinks even further.

See, there's a gazillion of them out there, way more than the seats available to service them. Too much money chasing too few goods, the value of the currency is likely to fall. The jaded old economic historian sez, spend it before its value falls even further.

(Course I can say this, cause we blew through all ours on a couple of trips in the last few months.)
 
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