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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

Is it worth it? Are economy today.

Day 1,849, 17:21 • Published in USA USA

• by yodock

Was it worth it? Months of deflation bring gold down to 355 USD's and making everything cheaper, including wages. Did it help the economy by this deflation? First, to those who do not know, deflation is when less money is in use, making money more valuable. Inflation is the opposite. But back to the main topic. The deflation in recent moths has made everyone's money more valuable, helping you, and others, buy more gold with the same amount of money. Another good effect is that cost is low. The bad news is lower wages and lower selling prices. Wages have been crushed by the 25% income tax on it. Investment and bussiness hurts by this deflation, because prices don't move up and down fast and violently like the stock market. This deflation has also put the economy in a reccession. Was it worth it? I think in some ways it was good and in some was it was bad. But it will hurt the investors and economy in the future. How do you feel about this opinion? Please, we are always thankful for you feed back.

-Yodock

Comments

Syz2 Day 1,850, 14:50

The deflation is just a side effect of the problem of overproduction, just like the use of communes. It does match the game's set gold to CC ratio better now though, so its less risky to buy/sell gold.

yodock Day 1,850, 15:41

But harder to sell and buy on the market.

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