From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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I Want It All - Queen

JEL:        

I'm a man with a one track mind
So much to do in one lifetime (people do you hear me)
Not a man for compromise and where's and why's and living lies
So I'm living it all, yes I'm living it all
And I'm giving it all, and I'm giving it all
[…]
I want it all, I want it all, I want it all and I want it now

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Assignment:

The lyrics above remind us that there is a lot to do in one short lifetime. Freddie Mercury, Queen’s lead singer, asserts that he wants it all and he wants it now. Do you prefer to consume goods in the present or future? With reference to these lyrics, explain why individuals charge interest for deferring consumption.

[Will Luther assisted with this assignment.]

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