tag:blogger.com,1999:blog-18156735.post4506854028129572634..comments2023-10-29T17:43:27.054+07:00Comments on café salemba: The Economics of Oil Muffin PriceUnknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-18156735.post-76705992188571563702007-11-06T19:33:00.000+07:002007-11-06T19:33:00.000+07:00are you guys still on muffin?are you guys still on muffin?Anonymoushttps://www.blogger.com/profile/13453903374418067594noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-30914212132734665502007-11-03T10:41:00.000+07:002007-11-03T10:41:00.000+07:00such markets may not influence demand curve, but m...such markets may not influence demand curve, but may influence supply curve. eg. muffin producers may avoid or halt to supply more muffins since the futures/forward market is not available or the forward price is not favourable. if they keep producing and there's no way to hedge the price, the price goes down and it's not good. hopefully, this makes sense.Anymattershttps://www.blogger.com/profile/15417170603768510851noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-30805515027102395652007-11-03T09:56:00.000+07:002007-11-03T09:56:00.000+07:00Anymatters, yes, I can see that, too. But even the...Anymatters, yes, I can see that, too. But even the commodity future and forward market (and any market for speculation), can not escape the basic supply and demand, can't it? For instance, how come today's cone is IDR 10K, not 5K, and a week later IDR 11K, not 15K? <BR/><BR/>Anyway, it's a good insight to set the expectation into the muffin equation. Thanks!Rizalhttps://www.blogger.com/profile/00173988218021291027noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-53422631643915709502007-11-03T08:35:00.000+07:002007-11-03T08:35:00.000+07:00rizal, what i tried to show here is a possibility ...rizal, what i tried to show here is a possibility of creating commodity forward and futures markets for muffin, which in fact are really happening for some commodities, including oil. cheers.Anymattershttps://www.blogger.com/profile/15417170603768510851noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-64796595205222401072007-11-02T11:01:00.000+07:002007-11-02T11:01:00.000+07:00Anymatter, if you can get the bank interest earnin...Anymatter, if you can get the bank interest earning, why can't we? I'd rather to sell it to anyone who can pay the muffin now, and save the money to the bank, just like the way you do. <BR/><BR/>Fik, you want to eat well and cheap too. Alas, as an English proverb goes: you can't have your cake and eat it too. If you can't find affordable scone around, just eat muffin less, and be more efficient with that. <BR/><BR/>It's a good news for anti muffin pollution enthusiasts, no? They should be glad for this. <BR/><BR/>T/s, rationing won't help. It is costly and will lead to even more muffin shortage. <BR/> <BR/>Berly, on what basis that Ujang and Sjamsu should give you the cash transfer? The high price of muffin, and its substitutes, is not their fault. It's the market and they just provide to the ones who needs muffin most, the highest bidder. <BR/><BR/>And don't you realize that that kind of "good intention" for subsidy lead to the overconsumption of muffin, hence higher prices.<BR/><BR/>KJG, and what's wrong with that? Taking reserve inventory is costly, risky, and has its own limit. If one finds much cheaper scones, or the high energy muffin (that one muffin for one week equals to everyday muffin), the hoarder would be doomed.Rizalhttps://www.blogger.com/profile/00173988218021291027noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-80813908262860943212007-11-01T21:31:00.000+07:002007-11-01T21:31:00.000+07:00what we see now is high demand, but also high inve...what we see now is high demand, but also high inventory.ki jokohttps://www.blogger.com/profile/16583981566209839079noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-44802902342466769832007-11-01T19:33:00.000+07:002007-11-01T19:33:00.000+07:00The problem become complicated when scone is still...The problem become complicated when scone is still more expensive now and still need further research to be mass produced at affordable price.<BR/><BR/>The muffin is an input factors to numerous kind of food consumed by the masses with little substitutability. So an increase in muffin is likely to have effect on inflation. <BR/><BR/>It is good (if not wishful thinking) that the muffin producer, which already close to capacity, could increase production and people would consume less muffin. But that is not how market economy work.<BR/><BR/>Well, if price of muffin rose persistently high then other food will use muffin more efficiently since it is more costly not doing so. <BR/><BR/>While waiting for the scone to come at affordable price. Then there is a case for muffin producer, which flush with money, to offer cash transfer to some of the poorest consumerst oassist them through the shock and give breathing time for adjustment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18156735.post-21823430895255864502007-10-30T19:25:00.000+07:002007-10-30T19:25:00.000+07:00i'd say let's do rationing instead. fuck 'em, they...i'd say let's do rationing instead. fuck 'em, they want muffin, they've to behave themselves. otherwise they can just stare at my muffin or buy second hand muffin at the black market.<BR/><BR/>sometimes, you just have to be strong, you can't trust the market to be rational when dealing with important stuff like muffins.Anonymoushttps://www.blogger.com/profile/13453903374418067594noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-63696232222543159992007-10-30T15:47:00.000+07:002007-10-30T15:47:00.000+07:00I'm sorry for what looks like comment spam, but ap...I'm sorry for what looks like comment spam, but apparently html coding doesn't work very well with these comment forms, so I have been forced to redo the original comment, twice.<BR/><BR/>Anyway, I love markets, and I do believe that the best solution for the rising cost of muffins is by letting the market do its thing, and find a new equilibrium for muffins, scones, cookies, brownies, danishes, and all the other baked goods that can be eaten as muffin substitutes.<BR/><BR/>However, I do understand why some people try to come up with "quick fix" solutions, because people want to eat, they want to eat well, and they want to eat cheap. And right now, there is no cheap and reliable substitute for muffins.<BR/>There are the scones that require a massive amount of land to mass-produce and also cause shocks in food crop prices.<BR/>Then, there are cookies, which are actually much better and more efficient than muffins, but people are protesting the planned construction of cookie factories because of paranoia on health hazards.<BR/><BR/>So, I guess I can relate to some people's impatience, although it does lead to some absurd propositions.Fikhttps://www.blogger.com/profile/10626288446378216940noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-35054032080241924872007-10-30T15:40:00.000+07:002007-10-30T15:40:00.000+07:00This comment has been removed by the author.Fikhttps://www.blogger.com/profile/10626288446378216940noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-48235536696851164932007-10-30T15:03:00.000+07:002007-10-30T15:03:00.000+07:00sorry i mean the rise of the price of the money.ev...sorry i mean the rise of the price of the money.<BR/><BR/>even "muffin lending rate" is lower than "money lending rate", people can still earn something from nothing by borrowing money and lending muffin.Anymattershttps://www.blogger.com/profile/15417170603768510851noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-39803672889960485672007-10-30T14:42:00.000+07:002007-10-30T14:42:00.000+07:00let you, ap, aco, ujang, sjamsu, manager and other...let you, ap, aco, ujang, sjamsu, manager and others in the cafe agree that if i borrow muffin costing Rp10,000/muffin from the cafe today, i have to pay Rp11,000/muffin next month.<BR/><BR/>i then sell the muffin i borrow from the cafe for Rp10,000 and put the money (10,000) in the bank today. next month, if i get Rp13,000 from my saving, i can earn Rp2,000 next month after paying back Rp11,000/muffin.<BR/><BR/>thanks for nothing. :)<BR/><BR/>the rise of the commodity price as long as lower than the price of the money will lead to me earning something.<BR/><BR/>is the commidity market equilibrium easier to control that money? i think so. since it's hard to determine "muffin lending rate".Anymattershttps://www.blogger.com/profile/15417170603768510851noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-36192266234651537492007-10-30T14:14:00.000+07:002007-10-30T14:14:00.000+07:00Detta, thanks. It's rectified. How I badly need an...Detta, thanks. It's rectified. How I badly need an editor here :-)Rizalhttps://www.blogger.com/profile/00173988218021291027noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-6621410472158178942007-10-30T14:07:00.000+07:002007-10-30T14:07:00.000+07:00without missing your point here it's not 'schone';...without missing your point here it's not 'schone'; it's 'scone'. although it's a short version of 'schoonbrot'. okay i know, <A HREF="http://www.youtube.com/watch?v=In5uec02E8U" REL="nofollow">whatever</A>... :)Anonymousnoreply@blogger.com