Comments on: How to become a freakonomist

By: scheng1

scheng1 — Sun, 22 Nov 2009 03:01:01 +0000

I guess the best application of freakonomic is prior to birth of a baby. If the baby-to-be understands freakonomic, it will choose the country, the parents to ensure a headstart in life.

By: f belz

f belz — Sat, 21 Nov 2009 19:09:43 +0000

Problem with the so called economist traders. There is no substance to what they think they own, and everything is at risk all the time. It is called a house of cards and will fall down if a small breeze or shake comes along. This is not wealth. True wealth is when people own things and for businesses that produce a product for the common good of all. Just trading is what it is; “Just Trading” with no particular value. I have seen companies exchange their livelihoods for paper, and then they die. We have just seen what traders can do if left to Just Trade.

By: Casper

Casper — Mon, 16 Nov 2009 09:13:17 +0000

That’s nonsense and a cop out, we must just stick to the most basic principles and KISS. This should be topped up with common sense surrounding present conditions, moving forward, rather than over analyzing the past. The big problem that we face is that we exclude +- 14 G20 members when we do analysis, no wonder we freak and chump out. There is more to World Economics than the US, China, UK, Russia, Japan and the Euro Zones.

By: Benny Acosta

Benny Acosta — Thu, 12 Nov 2009 00:29:23 +0000

After which you can go to government and have them take more money from the chumps they represent so you can keep drinking those mixed drinks again.

sweet

By: Robin Hood

Robin Hood — Wed, 11 Nov 2009 15:37:24 +0000

To helavaname :

Beautiful analysis. THEN, you take those huge profits and throw them into the black hole called DERIVATIVES, where they’ll never be seen again.

By: Cheesey1

Cheesey1 — Wed, 11 Nov 2009 15:10:25 +0000

Helavaname – Ha, that was funny, yet very true. Nice one.

By: Helavaname

Helavaname — Wed, 11 Nov 2009 10:43:27 +0000

I subscribe to a theory known as Chumponomics.

The global market consists of chumps. Essentially, the secret of wealth is to indentify a group of chumps and enter the chump market. You purchase something from a chump for as little as he will accept. Then you need to find another chump, and sell that good for as much as the chump will pay. The result is profit.

Eventually you will soon have more money. This will allow you to purchase and sell more things to chumps. Eventually your chump profits will be large enough to identify new groups of chumps and open new markets.

Your ultimate goal is to have so much money, you can then pay some chumps to do all the work for you. Then you spend your days relaxing in a holiday resort, getting some chumps to massage your feet and mix your drinks.