PokemonGardevoir wrote:
It's a good point cyber, but with things like wheat it doesn't work- wheat is like, a 'renewable recource'. You can easily make a large plantation and get lots of wheat all the time. However it's a different story with other materials in there like Glowstone.
PokemonGardevoir,
Deals from villagers expire.
A user cannot continually go back to the same villager and get the same deal. Yes there will be some gaming of the system, that is how free markets work. I don't see the whole emerald issue as a big deal since they have no intrinsic value other than the expiring trading with villagers and use as a building block. Now there is a point about renewable resources, however even now I could flood the market with wheat, stone, chicken eggs . . . Manipulating the market by nerfing supply only helps the suppliers not the community as a whole (read buyers, not socialistic community).
There are laws here in the U.S. against companies using such manipulation in the marketplace. They don't always work or are sometimes not enforced but they are on the books as laws. Given time a market will correct itself if left untouched. That is not to say that any individual item will go up in value but that people will pay what they themselves percieve as the value of an item and sellers need to adjust to what the market wants. If for instance the seller of steam engines for locomotives got to say we should not allow sale of diesel fuel engines because it would hurt our economy, this is true only for the seller of steam engines and only if the public (buyer of locomotive engines) would rather have an engines.
A case in point. Apple inc, in many ways Apple products are sometimes inferior in specification or feature to competing products. Now Apple has great marketing and can sell for a premium these same products. Take Audio players, Apple loosing money (Billy Boy Gates bailed them out but I won't go into that). Apple saw that their PC division was not making them enough money and everyone was talking about these media players. Being late to the game (Diamond REO and Creative Nomad were among the first widely available) Apple less capable yet highly successful music players. Consumers decided en-mass that the interface of the i-pod and the marking of the company where more important than the extra capabilities of competitors.
*Cyberdrifter steps off econ soap box. <object class="emojione" data="
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Again I think the Mintown should be allowed to correct itself without regard to the value of any particular item.
CyberDrifter