Achaean News

Previous Article | Back to News Summary | Next Article
Public News Post #11457

Simple Economics

Written by: Kryvar Delanor
Date: Wednesday, August 27th, 2003
Addressed to: Everyone


The most basic principle of economics is supply and demand. There are
"X" number of credits for sale and there are "Y" number of buyers.
Should the supply be more than the demand, prices drop. Should the
supply be less then the demand, the prices rise. Yes there is a certain
rate of inflation based on the monetary supply. But the price of credits
has always been dictated by the very, very, very simple concept of "How
much will someone pay for it". If you don't like the price, don't buy
it. Get enough people to do that and surprise surprise, the price drops.
Get people buying credits no matter what the price is, the price goes
up. Its really not that difficult.

Should you not like this economic formula, I suggest reading HELP MENTOR
and maybe, possibly, putting in some effort beyond furthering the
economic inflationary rate by bashing for more money and helping a
novice. Thus by increasing the supply and decreasing the above mentioned
demand.

Or you could always post "Why the Church is Evil" "Why Chaos is Good"
"Why Mhaldor is really a bunch of nice guys" or any of the other
recycled post plot lines. This usually is good for 2 dozen or so posts
each thus reducing the overall world gold supply greatly.


Penned by my hand on the 6th of Daedalan, in the year 343 AF.


Previous Article | Back to News Summary | Next Article
Previous | Summary | Next
Public News Post #11457

Simple Economics

Written by: Kryvar Delanor
Date: Wednesday, August 27th, 2003
Addressed to: Everyone


The most basic principle of economics is supply and demand. There are
"X" number of credits for sale and there are "Y" number of buyers.
Should the supply be more than the demand, prices drop. Should the
supply be less then the demand, the prices rise. Yes there is a certain
rate of inflation based on the monetary supply. But the price of credits
has always been dictated by the very, very, very simple concept of "How
much will someone pay for it". If you don't like the price, don't buy
it. Get enough people to do that and surprise surprise, the price drops.
Get people buying credits no matter what the price is, the price goes
up. Its really not that difficult.

Should you not like this economic formula, I suggest reading HELP MENTOR
and maybe, possibly, putting in some effort beyond furthering the
economic inflationary rate by bashing for more money and helping a
novice. Thus by increasing the supply and decreasing the above mentioned
demand.

Or you could always post "Why the Church is Evil" "Why Chaos is Good"
"Why Mhaldor is really a bunch of nice guys" or any of the other
recycled post plot lines. This usually is good for 2 dozen or so posts
each thus reducing the overall world gold supply greatly.


Penned by my hand on the 6th of Daedalan, in the year 343 AF.


Previous | Summary | Next