(2009.Sep.22 08:27 PM)Gornikel Wrote: (2009.Sep.22 08:04 PM)Thor Wrote: I always had them at 220-225 each before the Bigrod happening...
That was enough to change it?
(2009.Sep.22 08:27 PM)Gornikel Wrote: (2009.Sep.22 08:04 PM)Thor Wrote: I always had them at 220-225 each before the Bigrod happening...
That was enough to change it?
As my admittedly falliable memory indicates, yes! The reason behind that was an exercise in classical economics of a sort; Bigrod had a lot of money and no reason to save it at the time he was preparing his spree by the purchase of credits. And the supply of credits on the market was finite. More money chasing same amount of trade goods = rise in price if the sellers are rational and in this case they were. And after the spree there were fewer credits available for purchase with the same short term result. Market inertia accounts for the rest I suspect. Not enough customers voted with their feet to give the sellers any motivation to lower their prices so it continues to this day.
*shrug*
That said, I too vehemently oppose any price cap. In the long term market supply and demand is much more rational and flexible than any administrative fiat would be. I suspect that if we remember Dutch economic history of the 1600s we would do well to keep tulip bulbs in mind. ^_~
