Huozhi: Money and Trade

Contents 3 pieces

1. Preface The Richest of Confucius's Students

   Of Confucius's seventy-odd students, Sima Qian says the richest was Zigong, and also that Confucius's fame spread through the world because Zigong went ahead and behind making arrangements. This series starts here.

   3 min read

Market WatchThe last two years and the next two

2. Gold: Why Does Something That Pays No Interest Hold Its Value?

   Gold pays no interest, no dividends, and grows nothing by itself, yet humankind has accepted it for thousands of years; in the last two years it surged to historic highs and then fell back a long way. This piece first takes apart "why it's worth anything," then looks at what happened in the last two years, and finally sets out several possible paths for the next two.

   15 min read
3. Silver: One Price, Three Kinds of BuyersComing soon