Finance Changes For The Plebeian
Day 2,579, 11:45
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Published in Canada 
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by
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by Aries Prime
Finance is boring. This is why I’m going to break down the new changes for all you filthy casuals so you can sleep well at night. I have my PhD in economics from the University of eRepublik. Trust me, I’m a doctor.
Medal Changes
Wowzers, TP, Merc, and FF medals are now worth 1k cc instead of gold. What’s this mean? More CC, less Gold. Gold will become more valuable while CC because less valuable. Gold prices will increase. Let’s take a look at super cool graphs that are super inaccurate and probably incorrect:
Many graph, much lines. CC supply is static currently. Technically countries can create more CC, but only at 200cc per gold. This maintains us at the current 1 Gold = 200 CC value.
Woah dude, the graph changed! Once changes come into effect on January 12, we will the supply of CC increase while no longer being static. We will see the supply of gold decrease. More CC with less gold means Gold = More CC.
Conclusions
1. CC = Bad. Get rid of it.
2. Stockpile Gold. Gold = Good. Buy it while it’s cheapish.
3. Stockpile weapons and food. More CC = Higher weapon and food prices.
Shoutout to firecomet234 for his article with similar conclusions but a different approach here: http://www.erepublik.com/en/article/-canada-s-economy-new-changes-from-a-beginner-s-pov-2476695/1/20
Endorse me, Plebs,
Aries Prime
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Comments
nice article! i'll be buying back some gold..
lucky for us Super Soldier Medals stay 5 gold otherwise getting contracts would become nearly impossible.
Yeah super soldier and hard worker will keep us afloat there.
You think Super Soldier and Hard Worker aren't next?
Bad change, especially for no-gold buyers like me :/
Good article do o/
That's the point the admins are trying to make: buy [more] gold!
"Based on our studies, these medals didn’t reach their initial goal: to help the progress of the new players. More than this, they had a negative impact on the economic balance of the game, and with this change we aim to solve some of these issues."
The second sentence points it out more: they're trying to shift the market so that gold becomes the superior currency in comparison to cc, rather than having it as another form of currency. (As opposed to v1 markets, where each country had its own currency and some currencies were stronger than others.)
Auto-endorse economic analysis from Aries
this is a =BG Certified Message=
Throw me in some NL chats if ya need me. I'm supposed to be helping out now that gen de la rey is in office.
I liked the graphs. They were very angular.
Some graphs can be wavy or dotted. I don't like those kinds of graphs.
Thank you.
"Based on our Studies, [...]"
http://tinyurl.com/no5w738
haha, that silly monkey is still using a typewriter.
c'mon get with the times, bobo
Just like with our RL Federal Reserve Notes. The greater quantities of a fiat currency there is, the more currency that individuals will have to bid prices up. Yes Virginia, inflation is not caused by the "greedy Businessman", but by the devaluation of the unit of currency due to its increased supply.
Good article
o7
If gold will be more valuable down the road, why convert it to CC now, instead of waiting?
I'm saying the opposite. Keep gold and get rid of cc.
Do you think they are going to change how much cc we get for one gold when converting it through the government?
No. They never did so in the past when they had the bot buying up goods on the market, so they won't do that now. The only logical thing I can thing of is that they must implement something for gold to be useful for in the ingame treasury or else all gold in the ingame treaury is about to become highly undervalued.
super cool graphs are just super cool!
dew et mate!
"many graph, much lines"