Player Features and Ideas Discussion

its literally impossible to buy something for 50% its value. so i guess u mean average trade price?

and it is possible to acquire gold and silver at lower than average trade price.

On another note, I suggest a few people in this thread read Carl Menger's Origins of Money, you'll perhaps look far less ignorant.

http://library.mises.org/books/Carl%20Menger/On%20the%20Origins%20of%20Money.pdf

Wouldn't this completely dissolve trade hubs? People already camp gates almost constantly, if you had to physically bring your money in your cargo hold in order to purchase anything there, trade hubs would vanish. Because almost everyone with buying intent dies, loses their money, and would either just not use trade hubs or ragequit depending on the quantities of ISK lost.

I don't think the suggestion was that you *had* to have all of your ISK as physical. If that were the case, the hubs would likely have some trouble depending on a couple of things.

First, it would depend quite a bit on how 'big' exported ISK were. If the largest denomination were say a 100 ISK note, and the size were 0.01 M3 for each, then it would be tough to transport it. If on the other hand you could have a one billion ISK note that was 0.01 M3, then it would be much easier to transport.

If, in the case that the largest note were 100 ISK, the hubs would have a tough time. However if CCP also changed the market interface, such that "anything can be traded for anything", then something else might very well evolve as a money.

You've got that backwards. Over expansion of the supply of those currencies, (and credit denominated in that currency) is the ultimate cause of price inflation.

So you're saying inflation exists because the banks print too many bank notes.

That does seem like the most obvious cause of inflation but I'm pretty sure inflation would still exist without intervention from banks.

That's not what I meant. Increasing the supply of currency isn't the only cause of inflation. It also doesn't explain how the extra supply of currency is getting into the hands of individuals, rather than just floating around in the pool of existing currency.

It is a good idea to denote the use of 'inflation' with a moniker. Such as, "Monetary inflation" or "Price inflation".

There is no "pool of currency", at least not any where with a concept of private property. Though one could argue government money is a pool, though more often it is referred to as a trough, lined with pigs of various sorts. After all, some animals are more equal than others.

How money goes from one individual to another depends on quite a few things, from government, religion, societal and cultural to such things as physical barriers. The primary mechanism however is the same as it is for anything else, marginal utility. Which, by no coincidence, is the same mechanism that causes prices to rise when the supply of money increases relative to the supply of goods and services.

If you only have $10 to your name, chances are you are going to trade it to someone with food. If you have $10,000,000, you'll give a bit to the food guy, some to the shoe guy, some to the Ferrari guy and perhaps some to the 28 year old playboy model your wife doesn't know about.

Trying to answer "where will the money go" is not something anyone can answer with 100% accuracy. Anyone who tells you they know for sure is full of it and probably works for the Federal Reserve or the ECB. In either case, they'll be sure to give the new money to their politically connected friends, who get the chance to spend it first.

Anyways ... I am derailing this guy's thread, my appologies.