Economists named the cheapest people on Earth

If you think Clark is the cheapest man on Earth, well, you've got another thing coming. Economists have the consumer champ licked when it comes to being a tightwad.

The Wall Street Journal reports that the American Economic Association meets once a year during the first weekend after New Year's Day. Why then? Because hotel rooms in convention cities are cheap while the rest of the world is enjoying time with family!

Economists are also the worst in the whole of academia when it comes to making charitable donations, according to studies.

And their relatives often speak about how unbelievably tight they are with a buck. In Cheap We Trust details the travails that families of economists face living with these legendary cheapskates.

In the book, one economist's daughter reported her father would put a piece of duct tape over the check engine light on his vehicle and simply ignore fixing it.

That's a bit penny wise and pound foolish to Clark's mind. But in general, the economists have the right idea. They know how important it is to control spending and borrowing. Doing so creates less anxiety in your life.