I know that I said before that all inflation is bad and that inflation can also be harmful. However, I also notice that there's a big difference between real inflation in MMO inflation. I am not quite sure if I find inflation in MMOs to be harmful, why? Unlike real inflation, players still benefit from MMO inflation, because although the prices of goods has risen, so too has their income.
I bet when you play an MMO and take a look at the auction house to sell some of your materials, you may find yourself in awe, confused, and wondering if people who are selling goods below vendor price on the auction house should be added as the 8th wonder of the world. However some players lay the claim that this has something to do with a few players trying to corner the market and dictate prices.
In a previous post I explained the reasons why the CREDD system was a failure in Wildstar Online. Unlike CREDD, the experience towards Eve’s PLEX system is vastly different and a much more successful one. However, not only is the PLEX system more successful, it also does not encourage inflation unlike the CREDD system.
These past few weeks have been interesting for gold and silver (real gold and silver). Gold and silver has fallen to new recent lows. As of now the price of gold is currently $1,192.60 and silver is $16.92. Many maybe aware or unaware that the sell-offs in commodities are due to the rise in the US dollar, the taper of quantitative easing, and the anticipation of rising interest rates. The results are that king dollar has been steadily rising compared to other foreign currencies.
If you have been paying attention to our country's economy, surely you realized that the price of everything is going up, literally. The rising prices are not a contribution of a strong growing economy but rather a rapid growth of inflation, yes real inflation and not the government CPLie. Earlier this year it was announced that food prices has risen 19% in the first quarter alone. The stock market has reached new highs despise constant bad economic news such as low GDP, low jobs numbers, and low wages. The stock market highs is a symptom of inflation, not economic growth. But what do these have to do with America becoming a nation of gold farmers? Simple, the tall-tale signs of a coming dollar collapse.