i m taking about you when i mean toxic people
Ha your funny, not really. Go do something with your life other then troll please and thanks.
Ok, letās start with the sexist comment. Last I checked, I have a penis. I am not a woman. Why you are bringing sex into this is just stupid and immature.
I strongly suggest you read about Paul Volcker. Inflation happened in the 70s in the US. Volcker still printed money left and right. What he did was RAISE interest rates. Inflation occurred in the US then, not because money was being printed. It was because money was obscenely cheap to borrow. That got money CIRCULATING. That circulation . . . got people to BUY instead of SAVE.
That last concept is the most important one to grasp. If you have 10mm sitting in your mattress, and suddenly get 100mm there, there is NO inflation. That money is stagnant. It is NOT moving. In essence, you have NO demand for a service or product. If you suddenly have a demand and supply does not keep up with demand, either due to production (capacity or costs) or scarcity of resources, then you will get inflation.
Now seeing that you are a self-proclaimed economist . . . what happens when supply exceeds demand. Think big picture here. The main thing is that prices drop down and makers EXIT the market. You lose makers and you get people wanting to substitute goods. If demand exceeds supply, what happens then? AHHH . . . you get NEW entrants into the supply side, therefore increasing supply and then . . . well, prices will start to come down to equilibrium.
This canāt happen in this game because this game has ONE supplier of currency. It is their spigot to turn on and off as they wish. They can increase the amount of gold players earn at any time. Right now people are getting an easy 3 to 500 gold per day just opening presents. That money, will leave the game when the event is over. What will that do to prices? If the demand for the item (Loaded Dice) is still high, then the ask can be whatever the hell they want. The buy, well that becomes a weird scenario because people can easily resort to RMT.
Now . . . I will take the word of PhDs, Nobel winners, and a Fed chairman over some self-proclaimed economist on the internet any day of the week.
http://www.ipedr.com/vol4/91-F10116.pdf
Enough with the Friedman bullshit. It is not apropos to this game at all. Keynisian is.
Supply and demand problems can cause local market temporary inflation like behavior and it can extend to the whole market, if itās something like oil, and company owners can seize the momentum to keep the prices up if not pressured by competition.
Video cards for example, everyone wants them, prices went 200% in 3 years, because of increased demand and not enough competition (or production); itās a local thing, and temporary (until something happens, governments ban coins, a new competitor comes on the market,etc); i canāt come and say well the inflation is 60% per year because of video cards.
Now, in New World you donāt have such a thing, a product that is use in everything like oil.
Some people like to argue, or feel like someone is arguing with them.
They saw an article maybe it was misleading or misread what was in it.
Only thing i know is itās a waste of time to continue.
Ok.
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