al profit The rise of new tokens and funds Because China's mainstream economics mechanical property right understanding into property of power based on stock, so, in the name of the Chinese norm of the reform of property right will be the eye looks at on the stock of state-owned assets, simple and ridiculous "privatisation" scheme, clear property rights is approximate to "privatization". It was a misreading of coase, a misreading of alchin and even an insult to them. The precise description of property rights should be the right to clarify individual pursuit of wealth. But in order to better future, we must expand the definition of the word "profit", the economic benefits and social benefits are included, and understand that block chain itself is a social innovation of technical solutions. Refrigerant season price performance is good, overall profit is good Because economists understand earnings as actual material wealth increase, accounting experts think the output value of more than the difference between the input value is profits, there is a contradiction and two kinds of income concept. The specific performance is: Of course, for ordinary people, the yield is 3.9% or 4%, not much. But for yu 'e bao, which has 1.56 trillion yuan, the difference is significant.