It's pretty common knowledge that 1 million isk today would buy 500k worth of goods a few years back. Some of that is caused by the recent changes in item build requirements but the vast majority of it IMO is just too much isk in the system. My idea is to remove isk from the system by having a tax on refining in isk. Does anybody else ideas on the best course to reduce inflation?

It's pretty common knowledge that 1 million isk today would buy 500k worth of goods a few years back. Some of that is caused by the recent changes in item build requirements but the vast majority of it IMO is just too much isk in the system. My idea is to remove isk from the system by having a tax on refining in isk. Does anybody else ideas on the best course to reduce inflation?

It's pretty common knowledge that 1 million isk today would buy 500k worth of goods a few years back. Some of that is caused by the recent changes in item build requirements but the vast majority of it IMO is just too much isk in the system. My idea is to remove isk from the system by having a tax on refining in isk. Does anybody else ideas on the best course to reduce inflation?

In other news, all the other main price indices showed deflation in February. The Primary Producer Price Index dropped by 5.3%, which was mostly driven by moon materials and hybrid polymers. The Secondary Producer Price Index fell by 3.5%, where the biggest contributors where planetary commodities, salvage and Tech II construction components. Finally, the Consumer Price Index showed a deflation of 0.6%, with most categories showing a mild deflation. There were two main exceptions to the deflation in the CPI.

One was PLEX prices, which rose by only 1% but weighed a whopping 24% in the index. The other was Tech I ship prices, which rose by 3.8% due to the effect the battle of B-R5RB had on mineral prices.

Pretty much 100% of it is caused by changes to build requirements and/or changes to resource supply.

Talk about being wrong - wow!

Maybe you should watch the economy talk from CCP @ fanfest 2013, and then edit your op...

Maybe you should watch the economy talk from CCP @ fanfest 2013, and then edit your op...

Actually something may have been done by CCP to start inflation. It is pretty obvious. I may be wrong if somebody really really big is manipulating ice. Some people around this forum probably got frostbite trying to manipulate ice.

I think that nobody is capable of manipulating ice at this point.

The chart of nitropes plus some other things show pretty impressive strength and it is pulling a bunch of ice derivatives steadily with it. The ice move is for real.

Don't sell your ice but ice derivatives will do even better for now.

The only thing mynnna is wrong about is saying "100%", what's the real percent? Who knows.

Most prices have remained rather stable compared to the inflation of the money supply. There is ceratinly price inflation in some secotrs of Eve, but for the most part, productivity appears to have maintained enough of a growth rate to keep price inflation moderate, in most of the Eve economy.

Ps. you notice that a lot of the heavyweight industrialists are not weighing in on this topic?

I'm not really sure how people can continue to state that inflation is an issue when CCP have literally just posted the indices which shows deflation almost entirely across the board (with the exception being the mineral index).

CCP also said that they want ice to be like oil, to be something worth fighting over or something to that effect. Well ice can only become more important if its price goes up, and if ice price goes up then a lot of other things will go up, too. So yes there is not much inflation at the moment and there has not been but CCP's goal of making ice more important will increase inflation. And ice has been steadily on fire in a world of, predominantly, deflation or lack of inflation. Hence it is an issue worth discussing whether this move in ice price indicates arrival of some inflation actually.

Whether or not they plan to in the future is fairly beside the point. Ice has been steadily increasing in price and yet all but one of the indices are down. The crowd that seems to think that inflation is a problem are not basing it off of future speculation, they are basing it off of the price of individual ships increasing in value following the balance.

I'm not really sure how people can continue to state that inflation is an issue when CCP have literally just posted the indices which shows deflation almost entirely across the board (with the exception being the mineral index).

CCP also said that they want ice to be like oil, to be something worth fighting over or something to that effect. Well ice can only become more important if its price goes up, and if ice price goes up then a lot of other things will go up, too. So yes there is not much inflation at the moment and there has not been but CCP's goal of making ice more important will increase inflation. And ice has been steadily on fire in a world of, predominantly, deflation or lack of inflation. Hence it is an issue worth discussing whether this move in ice price indicates arrival of some inflation actually.

Manipulation != inflation. That said, yes, someone is manipulating ice, but it ain't CCP.

The question I would ask is if the increase in value of ice will be a cause or effect in all this. Certainly if ice prices go up due to constrained supply and growing demand it will become more important and may drive additional conflict, but is that the only way this can work? Will ice become more important for other reasons aside from the market price?

Also, how wide will be the inflationary impact of increasing ice prices? Certainly it will have more impact than just increasing the price of one commodity in an index basket, but how much more? Ice prices have been heading upwards for a while now and yet the numbers from our economists show widespread deflation, is the impact of ice less than many believe or is something else cancelling out the impact of ice?

If you are in charge of it then surely you can take the ice market down...so why don't you? Or maybe you are not in charge of this move.

If you are in charge of it then surely you can take the ice market down...so why don't you? Or maybe you are not in charge of this move.

It just so happens that CFC space is home to the entire nullsec supply of nitropes bearing ices.

CCP also said that they want ice to be like oil, to be something worth fighting over or something to that effect. Well ice can only become more important if its price goes up, and if ice price goes up then a lot of other things will go up, too. So yes there is not much inflation at the moment and there has not been but CCP's goal of making ice more important will increase inflation. And ice has been steadily on fire in a world of, predominantly, deflation or lack of inflation. Hence it is an issue worth discussing whether this move in ice price indicates arrival of some inflation actually

Not in charge, never said I was. It's an associate of mine.

That said, two reasons exist not to take it down instead. Well, three, really... Nah, actually four.

1. Taking it down is much harder to do because it would entail working against natural market motion instead of with it.
2. Taking it down is both harder and riskier to realize a profit from. If short sells were a thing, that'd be another matter.
3. It just so happens that CFC space is home to the entire nullsec supply of nitropes bearing ices.
4. Tears.

An increasing price of ice, due to reduced supply, or increased demand because of game mechanics, is not "inflation", much less "price inflation", which is the more common (though inaccurate) use of the term inflation.

How high the price could go, could be attributed to inflation however.

Enjoy the confusion.

Aren't inflation rates around where CCP wants them?

You know, I do not think that you like me, but I was thinking about all of this. Before ice emphasis turns into inflation it can take years. There are so many steps along the way. The idea is to think of immediate step and do that trade, but know the chain. As I said already, I think that the first step is racial ice price compression. After that it may be same thing with carbides or maybe even something else like sylramic fibers shortage. Or maybe actually tech 1 items requiring mins in high sec instead due to mineral shortage in high sec. And on and on. I do not know yet. I am busy with racial ice compression atm for the next 6 months.

This is the main reason (and one I did not tell in my posts above) why I am usually opposed to blind null sec buffs and improvements.
Because sov is badly designed and thus it's possible for one organization to take control and form a self cartel on a key resource.

(Edit: read it well, I am not blaming you, you are really playing the game by its rules. THOSE are flawed not you)

First it was R64 then Technetium now nitrogen isotopes. You guys (and those who came before you) are GREAT at having earned all that space and are GREAT at manipulating everything and everyone (CSM and who knows who else) into giving you preferred access to the best resources.

But is it good for EvE, when a lone organization can perform a positive feedback process where they become more and more powerful? Positive feedbacks are not bad just for class A hi-fi amplifiers, they are also detrimental to MMOs long term health.

Hi sec noobs are just that: a fragmented and thus powerless bunch of players who can't harm the game because they don't steer all as one, they aren't coordinated to focus and hit like an hammer. You can find the 27B Raven dude but he's irrelevant, which for a MMO is not so bad.

On the other side there are the mega corps like yours that not only get the (deserved) prize for winning the game but also get mechanics that further self-fuel and amplify your power making it harder and discouraging for new "conquerors" to join the game.

This is the "wealth and power divide" that forms the "established elite" that has brought so bad to many MMOs.

I don't like this helpless stuff. I am all in on cheaper ice isotopes and derivatives of this trade until the summer expansion hits. Goons cannot crash these prices but if they do they will crash prices of their own assets.

Trading is not personal. Bigger entities are not as nimble as smaller ones. So there is no reason to hate them or feel helpless. The thing to do is to front run them and that is what I intend to do. There should be supernormal profits in this endeavor and that is what I want to try.

As someone who has played the game a long time, read the forums regularly and watched the political landscape evolve I agree with VV. As VV states a couple posts up, the Goons do deserve credit for what they have done and are still doing but as VV has said is it healthy for the entire game to be manipulated by a select few individuals?

Broaden your perspective. It's not just about you or me, but about the game in the long term. Today you make a profit, tomorrow you get a permanently manipulated economy in the hands of 2-3 mega-overlords.

I'm flattered you think so highly of myself & my associates. Unfortunately for the dystopian future you seem to like to imagine to excuse away your helplessness, we're generally too lazy to "permanently manipulate" the economy.

I'm flattered you think so highly of myself & my associates. Unfortunately for the dystopian future you seem to like to imagine to excuse away your helplessness, we're generally too lazy to "permanently manipulate" the economy.

I would like to confirm our laziness. It is only things too hilarious in ISK or tears we don't pass up. Or just when we want to smug and be all Machiavellian. Happens more often than you would think.