Adunh Slavy
Ammatar Trade Syndicate
90
   |
Posted - 2011.11.19 16:28:00 -
[1] - Quote
Not sure Eve needs ISK sinks, so much as wealth sinks. Not all wealth is made of money, let's get that out of the way for starters.
Eve needs more stuff consumed, more things that players need to have, versus what players would like to have. More consumables, more minerals consumed in ship repair, module operations, PI building, more mins in ammo, etc etc. People on planets that need to be feed, housed and defended - more stuff sinks versus just more ISK sinks.
ISK, like just about everything else created in Eve from the faucets, is an expression of time. Not enough time is being consumed by things other than ISK faucet usage. If more inelastic demand can be created in a few areas, then more time will be consumed in generating those products versus time consumed in generating ISK.
I am not advocating time sinks, for those that misunderstand, I'm suggesting make things, other than ISK generation, more worth the time by creating more demand for those products versus reducing supply of those products.
Parts of the Eve economy are experiencing price decreases, another side is experiencing price increases. This is the imbalance that needs to be addressed more so than the ISK supply. The increasing supply of money merely sheds light upon the structural imbalance of the "stuff faucet" and "stuff sinks". |
Adunh Slavy
Ammatar Trade Syndicate
90
|
Posted - 2011.11.19 23:21:00 -
[2] - Quote
Skex Relbore wrote:
uhuh once again if this were the case then why aren't prices increasing? Seriously if over supply of isk was such a problem then why don't Domi's cost 200 million isk?
If there really was an over supply of isk then prices would rise across the board. The fact that prices have not done so shows that there is no inflation and most certainly not any hyper-inflation. If anything the actual evidence has suggested a deflationary situation.
Obviously plenty of people are willing to switch to other activities or we would see those price increases I mentioned earlier.
This is not true. An increase in the monetary base does not always reflect in all prices at the same time. Nor does it cause prices to increase at an even rate, they can still bounce around.
The basic rules in an expanding monetary base environment are the same as any other time. Those things which have small supply and those things that are most necessary, tend to reflect the economic environment first and most drastically. One of the differences in Eve from the real world is that there is almost nothing that is necessary. That we see rising prices in some areas, and decreasing in other areas is no surprise. |