I would love to see this data too.
All I see when I look on the auction house is reduced prices every week
I would love to see this data too.
All I see when I look on the auction house is reduced prices every week
You’re starting to get it. There are many factors that impact the value of currency and you’ve only ever considered and accounted for 1 or 2.
Do yourself a favor a review the basics (that I listed) and you’ll gain more insight to wow economy and your IRL dollar.
I’m not getting it because it doesn’t exist in wow.
You saying inflation is there because of this that or the other thing doesn’t hold up to the facts and data we have.
Inflation isn’t happening.
You’re wasting your time. Trying to convince whales that bots and gold buying are harmful is like talking to a brick wall.
Imagine saying that injecting a ton of currency into an economy doesn’t raise prices. Give everyone in the U.S. 10 million dollars and what happens? You’ll be paying $1000 for a loaf of bread. The same is true of any economy, including an online one.
Just chuckle and move on.
If you say so. You deny basic economics and currency evaluation used by economists, investors and financial institutions.
You can’t understand a basic level, so no way you’d understand a high level. No point talking to you any more.
Ignorance is bliss so GLHF.
Then why isn’t it true on wow then?
Why is Benediction in wotlk the CHEAPEST place to ever play and has the most gold on the server than any other?
The gold on the server is irrelevant which is what you can’t get passed, the supply is higher than the demand.
Answer 1 question, if supply is higher than demand do prices go up or down??
No extra fluff just answer up or down…
Nobody is arguing about bots or gold buying, we are discussing inflation and whether or not it exists.
And yet that very thing happened recently, see the following quote from the Federal reserve’s analysis on money supply and the lack of inflation.
‘Inflation in the U.S. should have been about 31 percent per year between 2008 and 2013, when the money supply grew at an average pace of 33 percent per year and output grew at an average pace just below 2 percent’
You guys should stick to poetry
Buck broken by gdkp. Hate to see it
Rents due on the 1st btw, you let gdkp rent free in your head so long it now owns the building.
In economics, “ceteris paribus” is a Latin phrase that translates to “all other things being equal” or “holding other things constant.” It is used as a simplifying assumption in economic analysis to isolate the impact of one variable while assuming that all other relevant factors or variables remain unchanged.
Ceteris paribus is a helpful tool in economic modeling and analysis because it allows economists to make predictions and understand causal relationships by isolating the impact of specific variables while recognizing that, in reality, many factors are in constant flux.
—
You’ve looked at one economic factor, ignored dozens of other economic factors, not because of Ceteris Paribus but because you simply do NOT know they exist, yet claim to have the answer.
You’ve unlocked a whole new level of arrogance.
I said no fluff.
Answer the question.
Does over supply causes prices to go up or prices to go down?
Your answer should be in this format:
Goes up
Goes down.
It’s very simple.
Prices are going up. Flask of Endless Rage is going for just under 40g a pop now. It was 16 a few months ago. Damn these prices sure go down!!!
You can’t argue with them. They benefit from RMT and GDKP so it’s not worth your time to try to show them. It’s like MAGA nuts, no way to move them off their position.
Does the amount of money in an economy affect prices?
Answer my question before I answer yours
Yes because you were talking about era where all the bots left.
So you have massive gold saturation and no one is keeping up with supply…
Elaborate. How so?
Of course it can, but at no point has anyone other than yourself tried to turn this into a debate on economic theory
The issue is and was whether inflation exists
You avoid directly answering it or providing any evidence to support your use of the word
Try a haiku next time
Theory. I see what you’re trying to do, but then it is on you to provide the science and math to describe anything you’re claiming.
Fonze, this is the part where you become a liar, or ignorant, so pick one. Inflation does exist because “theory” isn’t a theory, this is how the economy IRL is measured to actionable certainty.
you deny economic fundamentals, so why would anything beyond that be spent on you?
Then let me math it for you.
When prices go big, inflation
When prices go small, no inflation
It’s a science the same way philosophy is a science.
Referencing PhDs is simply an appeal to authority.
Not saying you’re wrong about the topic in general.