Current mood:	blah
Entry tags:	game: guild wars

I procrastinate when needing to review for a test
I should be studying like crazy for the lab exam. Instead, I browse GWGuru and am boggled by the fail that is the world around me.

Quote:

Face it, Guild War's economy is at an all time low. Everything from green weapons to materials were once worth so much more, are now worthless.

Source: http://www.guildwarsguru.com/forum/showthread.php?t=10309854

Okay, I'm no economist. My only foray into economic theory is understanding that low demand + surplus = lower prices. But, if I'm not mistaken, the symptom of depression isn't so much things are worthless as much as money is worthless. In other words, when the money at hand isn't enough to buy the materials in the market, therefore decreasing the sell rate, and causes a net negative growth in production, which leads to an economic downward spiral where the poorer people get, the less they buy, the less companies make and thus less people employed, and thus the poorer people get. Etc.

None of this stuff actually applies to a RPG in-game "economy" which does not rely on a net growth of in-game profit to keep producing material goods. In fact, you can have zero money and still get along just fine.

Would it really hurt people to wiki this stuff? Also, feel free to correct me if I'm bumbling up the terminology.