The lines to be cited: Wisdom demanded subjugation of ego, bridling of aspiration and sacrifice of self. Asceticism make us feel less like a dog in a doghouse! In the 18th century, money was made of precious metals.(I try to be a collector) Money doesn't buy happiness but rents it. A person has to balance such as work,sleep and leisure.My equation: Daily Fuction is equal to Sleep+ Non-sleep(Leisure,Study,Work) over time constraint. Money isn't everything. Love is what's valuable. Money isn't what's valuable. What is true value? Varies with individuals! A nation's power depends on economic success. Page 106:By holding $ and $-denominated securites, China is buying US debt. China is a friend of USA. China and the world are confident that $ is not going to be trash. Cambridge University separated the study of economics from the study of moral sciences in 1903. A little soon. Adam Smith simple principles: Consumption is the sole end and purpose of all production.(Being implemented in USA and in China) Smith took the meta out of the physics. Economics is our livelihood and just that. You better believe it from the School of Hard Knocks.
How simple yet so complicated for living in the 21st century. My recommendation is to have a marketable skill to supply the demand of a society."Keys for economic understanding" is hereby dedicated to skilled labor training for all.
William Freund, former chief economist for the New York Stock Exchange cracked a joke for us to keep in mind:" An economist is a fellow who knows 101 ways to make love and doesn't have a girl." That is cool and neat,indeed! Francis Shieh,a lifelong student of economics with humor to learn from Mark Twain,author, (1835-1910) 75 years in toto on earth in this mundane world.
Francis Shieh a.k.a. Xie Shihao on Monday, December 10, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment