Is plato printing too much money?
ComputerSpeaker
back in janurary IIRC q7 weps were about 6 usd, now they are 9 usd that is a 50% increase. wages were 40 and not they are 80 that's a 100% increase!
we can see inflation is clearly taking hold! the value of currency is dropping because there is so much of it. so people will start buying gold with their free money and then gold will start rising.
now is plato smart enough did he give us a good way of getting the free money from medals. slowly the amount of free money a person gets becomes less and less as the medals become harder and harder to get. so maybe we will reach an equilibrium point?
or will we have to request plato put some controls on this rapid inflation?
I still am enjoying this inflationary market, it makes me smile if i buy weps and hold them for a month i can make 5% i would have to run my oil rig for 3 years to make 5%!
when does inflation become too much? is it too much or is everyone enjoying the higher wages and increased prices?
Comments
Hey weren't you just recommending (in your last article) to sell everything and hold cash?
that was almost 40 days ago. and weps have not dropped as much as i was expecting them too. but hey i can change my mind cannot I! 🙂
Comment deleted
this may be one of the worst economic articles I have read yet, the way the writing is going over at the silly fiends problem, most likely it's only going to get worse...
well you can if you want write a better article looking at inflation. but because no one seems to worry about it i will bring attention to it in my own way!
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Expected equilibrium would be around 600cc for one gold.The gold is not moving that much or just the change is to small or i don't remember the prices before.
Prices will continue to rise.
Plato cares about the gold.
Higher prices means lower medal profit.
Back in beta/v1 it was 1g=50usd
More like 1 gold for 25 usd
and Napoleon was personal trainer not some chick 😉
$1=1 gold praise Alby!
I could have sworn at the swap in Oct 08 it was 50usd=1g ... that was a lifetime ago for me lol
I had forgotten that kook, and his endless search for monetary paradise. Maybe he found it.
Wages gone up is logical after taxes gone up nearly 100%, then wages usually follow.
Hey they did, they went up from 40 to 80, what a coincidence.
Get them taxes lowered and inflation will get away as well!!
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I think it will be worse, before it gets better. but Plato has a not-so-secret-weapon. He or she can add new demands and supplies.
^what the ghost said. The Q6 and Q7 houses (coming at the end of October, if I remember right) might mitigate against inflation, since they will add to the pool of goods available without increasing the amount of currency circulating. That's assuming that Q6 and Q7 houses actually do have some additional value, rather than just being scaled-up versions of Q5 houses.
...however, now that I think about it, the initial effect might be the opposite. When the new houses are introduced, wages will skyrocket as folks scramble to hire workers for their new factories. That will cause temporary inflation, until business-owners exhaust their existing currency reserves, and the job/house markets stabilize. Whether or not this inflationary pressure outweighs the counter-inflationary pressure of introducing new goods will depend on how much currency (and gold, too) folks have sitting around waiting to be converted into Q6 and Q7 houses.