:S why do u guys keep saying good or bad for economy? :POriginally Posted by intizamfamily888
Before talking about what is a good or bad economy, we should look at goals of the government, in this case sts. Also we cannot see sts as our government who wants people in game to prosper but as firms because prices of stuff (inflation or deflation) in game doesnt matter to them, what matters to them is that trades continue to run, people demanding for arcane items and lock openers are willing to open the locks, inflation or deflation isnt the main concern. Mainly sts needs to aim for more people to buy plats and to do so they need to provide incentives for people to do so, hence they need to make sure that the people in AL are buying the things lootable from locked crates or other plat purchased items. They do not need to give any thoughts about how much ren gol prices are because it doesnt really affect their profit. See, the economy in game to sts doesnt depend on how much lock prices / arcane weapons etc. are, it depends on the marginal propensity to consume and marginal propensity to save of the population, which is us willing to spend or not. Right now u can say that it is an ideal situation of wealth in the game (Many people have millions of gold from the deary glitch, items are cheap which is what people asked for) however, the marginal propensity to save is high, many people earnt gold from selling their deary farmed crates but not many are willing to spend on anything, thats why u see prices dropping rock bottom and with no one buying arcane stuff for a decent price, lock openers stop opening locks, this is thus a situation similar to "liquidity trap", people are keeping gold to themselves expecting a further deflation and the situation right now is considered bad economy even though people have gold and prices are cheap.
To solve this, sts needs to do something about the ren gol locks, either to add more loots or create a new type of lock so that people start demanding for stuff again and the circular flow of income will be driven faster again, by phasing out ren locks, there are both down side and up side, down side being people lose gold from their hoarded ren locks ( which is prolly what u mean by "not good for the economy") up side would be that there will be more incentives for people to farm and sell new locks while lock openers are willing to open the new type of locks. Also, there is one other way to save ren locks in a situation where new locks are introduced, which is that sns will not be lootable in the new locks, this will keep demand for ren locks to still be high.
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