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Children have a culture all of their own, and one sacred ritual of it, in some times and places, is “no takesies-backsies.” Like much of the child law, it both rhymes and is enforced by social sanction dictated by custom immemorial. It means: transactions are absolutely final.
Many people believe some transactions are final. The reality is a bit more complicated, and involves technical, social, and legal factors.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~10 minutes (10K characters)
Release date
Feb 15, 2022