A glimpse of thought: Risk seeking and boom-bust circle

In my leisure time, I read two article about the boom and bust of economic circles: one article is about how Ching Dynasty is doomed by a rubber price mania in early 20th century, the other is about the housing price in Europe now, at least in some regions, are coming back.

This gives me a thought: How to study people's risk-seeking behaviors!

The price of (holding) cash

What is the true value of cash you hold in hands? There are actually two very interesting views

1. Cash as a option, priceless!

What Warren would say is this:
"Cash is an call option, with no expiration date and no strike price."

2. "Money is (a form of) debt"

The academia might have another perspective to offer. In this interview with Harald Uhlig, John Cochrane, and Gideon Magnus at Morningstar, they consider money as debt.

Unraveling the Mysteries of Money (just in case the video won't show up directly, you could use the combined with the title)

以豬哥亮先生來解釋歐債跟財政風暴

今天晚上突然靈光一閃想到：要對於想要了解歐債風暴或者是財政危機始末，卻沒有經濟或者財務背景的市井小民，要如何解釋這樣的問題？歐債四國, 這些被稱為PIGS(Portugal, Italy, Greece, and Spain)的四隻小豬，跟紅遍台灣半邊天的豬哥亮，恰恰好有異曲同工之妙!!

資本主義為你服務(4): 如何了解勞動市場?

這篇文章最早開始於2012年的10月，當時最低薪資在台灣媒體還跟釣魚台議題都很占版面,然而，釣魚台議題討論得沸沸揚揚，最低薪資卻草草的在倉促決定下落幕。這樣討論的熱度跟台灣人斤斤計較, 審慎處理自己荷包的文化下似乎不成比例，而剛好美國最近聯邦最低薪資是否要調高再次成為話題，我也就把這篇文章重新整理一遍。

Capitalism works for you(3)?: We could also have "public service" market

Newark’s Booker Lures Wall Street Millions to City Few Have Seen Bloomberg(Oct 3, 2012)
This is a case that Capitalism/Market economy indeed helps people to improve their conditions.

When people talk of Capitalism and criticize about it, they usually cite how "unjust" of these phenomenons: millions bonus, luxurious mansion,  super cars and excessive spending on meals and clothing.  However, that is only "the surface" of how a group of people exhibit their fortune. These, frnakly speaking, has little to do with Capitalism. Along the course of history, any of the "have-it-all" class would do the same.

Yet, capitalism is about competition, about marketplace, and about how marketplace could be an efficient mechanism to allocate resources. This news also tell us that, capitalism can also be applied in political occassions and do "good" to the public.

Capitalism works for you? (2): what's a market about?

 *Simply put, what the heck is Capitalism????

Capitalism works for you?(1) 資本主義為你服務/適合你?

很有意思的公眾意見調查,"資本主義是否適合你?" 

原文的句子可以解釋成"資本主義適合你"; 或是"資本主義為你服務.",一語雙關,令人玩味