First, I just want to get this out of the way by saying, no inflation does not mean rising prices. Rising prices is the result of inflation. It urks me to hear one called a rise in prices "inflation" when that is not the true and original definition of inflation. In fact meaning is only used as an escape goat of what inflation really means...
If you've been paying attention to the media I am sure you've heard of all the trade war talk between the U.S. and... everyone else. However, these trade wars are never a good thing for anyone who imposes it especially for us Americans.
Since 2012 the socialist paradise... I mean... the socialist nightmare of Venezuela has now risen to new heights of insanity. The economy had all but collapsed as the government ran out of money to pay for goods and services. But like all governments who issue their own currency, Venezuela had thought it best to save itself by massively printing its own currency, the Bolivar. I mean why not? Someone has to pay for all the socialist programs right? Well that someone was the government itself.
In the past year, Bitcoin has taking the market by storm. Many investors and even non-investors are looking more and more into Bitcoin, however, I am not.
I've first heard of bitcoin back in 2012, I don't remember what the price was but I know it was below a thousand dollars. But when I first heard of the idea and purpose of Bitcoin I was skeptical. The proponents of Bitcoin said that it was going to be the alternative to the dollar and various other fiat currencies and one day Bitcoin will be the world's currency.
When a country’s government no longer backs its currency from a tangible asset such as gold or silver the inevitable always occurs, inflation. In themepark MMOs inflation is also inevitable, but why? In themepark MMOs all (or at least most) goods are eventually acquired. At some point later in the game’s life-cycle, players participate less in activities that cause money to exit the economy. For example, once a player reaches max level, they no longer need to spend money on skill training, mount training, mounts, craft training, and other activities that cause money to exit the game (i.e. vendor purchases).