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Thread Statistics | Show CCP posts - 1 post(s) |
Nathan Jameson
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Posted - 2011.01.17 04:18:00 -
[31]
The numerous spelling errors lead me to believe you thought out your arguments about as well as you proofread them. 
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Cleansing Spite
Caldari
State War Academy
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Posted - 2011.01.17 04:34:00 -
[32]
I find it amusing that, like most banana republics, California, and Weimar Germany the solution to hyperinflation is regarded to be as simple as the creation of a new currency to "reset" the current market dynamic. Which, of course, will only lead to more inflation in the new currency given that none of the market fundamentals have changed.
Also, I'd caution against pinpointing specific causes. ISK is created in a variety of ways by the game system, but it is destroyed in very few. Defining specific ways to destroy the currency is likely to fix prices for certain things, which has its own problems.
The real solution is to find a source of long-term debt, convert it into assets, and simply wait. The interest rates people charge in EVE are stupid low relative to inflation, to say nothing of the capital risk.
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Cyaxares II
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Posted - 2011.01.17 07:16:00 -
[33]
Originally by: Cleansing Spite
I find it amusing that, like most banana republics, California, and Weimar Germany the solution to hyperinflation is regarded to be as simple as the creation of a new currency to "reset" the current market dynamic. Which, of course, will only lead to more inflation in the new currency given that none of the market fundamentals have changed.
IRL hyperinflation is usually not an accident but a conscious decision.
Hasn't much to do with "market fundamentals".
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Cash Tree
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Posted - 2011.01.17 08:18:00 -
[34]
OP has no idea what he is talking about.
Furthermore, read the quarterly economic newsletter. You would find out deflation is the more common occurrence as measured by the CPI. Eve follows a boom bust cycle based on expansions, prices rise prior to and immediately after, then stagnate or fall. The net effect of inflation in eve across a wide range of products is't particularly poignant. To that effect, I imagine the PLEX system also works as sort of pseudo monetary policy to help fight potential inflation.
You cannot measure inflation based on only a couple of goods. That is not inflation.
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Cyaxares II
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Posted - 2011.01.17 08:30:00 -
[35]
Originally by: Cash Tree
Furthermore, read the quarterly economic newsletter. You would find out deflation is the more common occurrence as measured by the CPI.
Read the CSM minutes/CSM blogs and you'll find that Dr. EyjoG is currently very concerned about inflation.
So while deflation might have been more common in the past, inflation is the present and CCP apparently prefers slight deflation to slight inflation.
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Jagga Spikes
Minmatar
Spikes Chop Shop
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Posted - 2011.01.17 09:34:00 -
[36]
Originally by: Cyaxares II
Originally by: Cash Tree
Furthermore, read the quarterly economic newsletter. You would find out deflation is the more common occurrence as measured by the CPI.
Read the CSM minutes/CSM blogs and you'll find that Dr. EyjoG is currently very concerned about inflation.
So while deflation might have been more common in the past, inflation is the present and CCP apparently prefers slight deflation to slight inflation.
what they are worried about is player's activity. as long as deflation/inflation follows player's activity, everything is fine. once it becomes anomalous, it becomes a symptom of a problem. namely, why are prices rising if demand stays the same.
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: Forum Bore 'Em : Foamy The Squirrel - [jedi handwave] "There is no spoon." |
Inbrainsane
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Posted - 2011.01.17 10:41:00 -
[37]
Indeed, we see hyperinflation.
Hyper-inflationary use of exclamation marks, capital letters and very bad posting.
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Cleansing Spite
Caldari
State War Academy
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Posted - 2011.01.17 17:21:00 -
[38]
Originally by: Cyaxares II
IRL hyperinflation is usually not an accident but a conscious decision.
Hasn't much to do with "market fundamentals".
It depends on the position of the nation in which hyperinflation takes place. Some nations use them to escape onerous debt burdens (often self-inflicted ones). Other nations fall into a cycle of inflation because they're incapable of controlling market fundamentals - Argentina's water supply comes to mind - consequently motivating money-printing in an attempt to temporarily prevent pricing issues from prompting civil unrest.
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PinkFish
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Posted - 2011.01.17 20:12:00 -
[39]
Edited by: PinkFish on 17/01/2011 20:12:34
CCP overlooked HYPERTROLLING!!!!!!!!!
*edited to add more !*
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Khyara
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Posted - 2011.01.17 20:46:00 -
[40]
OH NOES!!!!!!!
Can I please give you all of my money and then you can spend it effectively to counter this horrible "hyper-inflation" beast??
What shall I do?? I knowz....Ill just buy fuel and ammo of course...
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This post assumes a pitiful level of intelligence amonst the EVE player base, which I dont think is true personally.
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Bruce Carraway
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Posted - 2011.01.18 00:27:00 -
[41]
BUY BUY BUY!!!!!!!
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Asik Rova
Unlimited Industries
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Posted - 2011.01.18 05:38:00 -
[42]
i think what hes trying to say is that we're in a perfectly heatlthy economic state, the prices are rising, more new players mean more stuff bought, then more people produce more stuff that people wont buy(deflation starts here). Then CCP releases WIS and more new players come and the cycle returns.
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