Inflation is a rise in the general nominal level of prices over time. It may also refer to a rise in the prices of a specific set of goods or services. In either case, it is measured as the percentage rate of change of a price index.
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Originally Posted by Cab Tastic
This is getting really silly.
anti LS give plenty of evidence to support the removal of said LS. i.e. inflation never existing
pro LS: your wrong, so there!
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Here's a counter argument. This is the situation we had before the implementation of loot scaling. How is this not a case of inflation?
http://www.guildwarsguru.com/forum/s...php?t=10273477
Quote:
Originally Posted by Cab Tastic
No it won't. The supply of 99% of most items in this game so overwhelmingly outstrips demand that prices will fall no matter if players farm occasionally or not. The evidence for this is all around you. Go to Kamadan and look at the trading window. Do a tally of WTS vs WTB.
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Let's assume the supply to be large and fixed as you described there, although we have yet to determine whether it is true or not.
Consider this counter argument:
Before the removal of loot scaling, person A only has 200k in his storage, and when he's about to buy a green item, he wishes to pay 20k for it. After 30 minutes, no one sells him the green item, so he just waits a bit longer to find the seller. Of course, he can't rise his price, because he doesn't have as much money to waste in such manner.
After the removal of loot scaling, person A now have 600k in his storage, and when he's about to buy a green item, he wishes to pay 20k for it. After 30 minutes, no one sells him the green item, so he rises his price upto 60k to attract sellers.
With the addition amount of gold being shoved into the market, despite how large the supply factor is, prices for items will still increase simply because people want to get their purchases as quick as possible. And how is this not a case of inflation?
Quote:
Originally Posted by Cab Tastic
Please enlighten me.....
I have an A Level (UK qualification) in Economics. But do go ahead...
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An appeal to authority or argument by authority is a type of argument in logic consisting on basing the truth value of an assertion on the authority, knowledge, expertise, or position of the person asserting it. It is also known as argument from authority, argumentum ad verecundiam (Latin: argument to respect) or ipse dixit (Latin: he himself said it). It is one method of obtaining propositional knowledge, but a fallacy in regard to logic, because the validity of a claim does not follow from the credibility of the source. The corresponding reverse case would be an ad hominem attack: to imply that the claim is false because the asserter lacks authority or is otherwise objectionable in some way.
I know you would like to flash your achievements here and there, but I would really appreciate a non-fallacious argument.