Chapter 19 postscript

This book started writing in January 2010, and was initially completed in mid-March, and finalized at the end of March.Now, I think it is necessary to explain the formation and source of the two basic concepts (theories) of this book. The first is about spiritual economy and virtual strategy, which is the result of my thinking in the past ten years.Initially, my attention to conspicuous consumption, star economy, and brand economy was at the micro level. From 2003 to 2008, I wrote too many related articles, which were published in books and periodicals such as "Economist Cafe", and my personal blog.

Since 2008, I have gradually realized that if the thinking of an economic theory only stays in the microscopic field, then its significance is extremely limited.During this period, I saw a sentence written by an economics professor at Peking University: Economics cannot make you rich, but it is a necessary guarantee for a country's prosperity (to the effect).Yes, economics has very limited direct guiding significance to micro-subjects such as individuals and enterprises, but its significance to the prosperity of a country is extremely significant.Any economic theory has greater practical significance only when it rises to the macro level.

So I began to think, what is the significance of these virtual economies to a country?I found a lot of books to read, and also revisited Adam Smith's "The Wealth of Nations", Veblen's "The Theory of the Leisure Class", Marshall's and other famous works.Of course, there are also some theories of Marx and Lenin.I finally discovered the code of prosperity and strength of contemporary developed countries. It turns out that their prosperity is based on a new kind of international exploitation, which is all the content mentioned in the first part of this book.Adam Smith's "The Wealth of Nations" is outdated. Only by creating a new theory of exploitation can we explain the economic structure of the world today.

These thoughts have basically taken shape before writing this book, and several articles have been written and published.Writing this book is the first time to systematize them. It must be admitted that this is not a strictly academic work.But it doesn't matter, I think it's okay to publish it in this popular way first.On this basis, it is not difficult to publish more serious theoretical works, just change a language system.I value the former more. Popularity does not mean that there is no theoretical power. The second is the theory about printing money for shopping.This can be said to be a problem that has troubled me for many years. Even in middle school, I thought about this problem. Obviously those factories can produce much more things, but because no one buys them, they can’t produce them. What a waste.If the country cancels the currency, organizes these factories and orders them to produce at full capacity, and then distributes the products to the people of the whole country, then our life will be much richer than it is now.

Later I learned that this idea has actually been practiced. Isn’t that the planned economy? In the years that followed, I thought about this question from time to time.Later, after studying Western economics and knowing Keynesianism, I vaguely felt that the way Keynesianism stimulates the economy is actually printing money for shopping.I also paid attention to the very developed credit consumption model in the United States over the past two hundred years. Since credit consumption can solve the problem of overcapacity, what about printing money?Why bother to borrow, just print money and send it to them to buy things?

The more I think about it, the more I feel that this question is worth studying.I also investigated the history of the economic miracle created by Nazi Germany, and I found that they actually created the economic miracle by printing money for shopping. Within a few years, Germany became one of the best economic powers in the world. Sometimes I wonder again, is such an idea too absurd?I have been wandering, afraid to write these down. When it came time to write this book, I thought I would write these things in no matter what, and I made an outline, but I was still a little nervous. Fortunately, in the middle of the night of January 1, 2010, that is, at three o'clock in the morning on the first day of the new year, I woke up suddenly after falling asleep (it often happens).When I lost my sleepiness, I used my mobile phone to surf the Internet to read financial news, and read some articles on some well-known financial forums and blogs.

Suddenly, I found an article signed by Cai Dingchuang, which was talking about "printing money for consumption". I felt that what he said had many similarities with my thinking.I found his qq in his blog.Unexpectedly, he was online so late at night, and we chatted. The following is the chat history at that time: Ye Chuhua 03:18:21 I saw your article tonight, it’s too late to meet Ye Chuhua 03:20:03 Your theory of money printing and consumption, to be honest, coincides with my many years of thinking CDCH 03:21:04 The theory of printing money consumption is strictly defined Ye Chuhua 03:21:47

Yes, I have been thinking about printing money for consumption, and I haven’t written much. Ye Chuhua 03:22:22 I think this idea will be very challenging, easy to write will be under siege from all sides Ye Chuhua 03:22:45 There is also the worry that there may be some loopholes in this idea. CDCH 03:23:07 Yes, but my theory is theoretical ... Mr. Cai Dingchuang told me that he has a book called "Money Puzzle: Contemporary Credit Currency Theory" which will be published in January.It fully demonstrates his theory of printing money for consumption. Now I finally took a reassurance. It turns out that someone has already thought about similar issues and demonstrated them rigorously.I write down my thoughts, so I don't have to worry about anything.

After waiting for more than half a month, Mr. Cai's book was finally available online, and I hurriedly bought a copy.His book combines Marxist economics and Western economics, and puts forward his own theoretical system on the basis of criticism.The title of the eighth chapter of the book is: "Printing Money for Consumption? Cracking the Stagflation Puzzle". However, what I wrote about printing money for shopping is slightly different.What Mr. Cai said about printing money for consumption focuses on the purchase of consumer goods. I use the term printing money for shopping, which includes all commodities, and includes Keynesianism into the ranks of money printing for shopping.In addition, Mr. Cai's description of printing money consumption is not expanded in detail in the book.It neither talks about how the United States prints money for consumption, nor does it look forward to how China prints money for consumption, nor does it discuss issues related to international money printing for shopping (consumption) (preconditions, how to implement, etc.).And these are my most important pages in this book.

Finally, I would like to thank some teachers, friends and relatives.I sincerely thank Mr. Hua Zan, chairman of the Future Trend Group of the United States, for taking time out of his busy schedule to write a preface and write an inscription for this book, which makes the book "brilliant".As the chief representative of oil countries in the Middle East and Africa in China, Mr. Hua Zan is an American who is very friendly to China. He can speak Mandarin, Cantonese and Shanghainese. He even called coming to China as "returning to China"; Ms. Ye Tan, a financial commentator, Professor Zou Hengfu, a senior economist of the World Bank, Mr. Zhao Mu, editor-in-chief of Sohu blog, and Cao Jianhai, a researcher of the Chinese Academy of Social Sciences (arranged in alphabetical order of surnames) recommended and commented on this book; thanks to my family.