Inflation test (new screens)

General discussions about the release versions of Capitalism Lab
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David
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Inflation test (new screens)

Post by David »

Product prices after 573% inflation in 33 years.

See below screens.
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Teppo
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Re: Inflation test (new screens)

Post by Teppo »

I would suggest that inflation couldn't be that high and wouldn't vary a whole lot. Certainly there are cities in the world where goods are much more expensive than in other places but that usually applies to differences between countries, not too much between different cities in same country.

If leather bags cost thousands on average because of inflation with mediocre quality, local competitors included, it won't be an US town for example, or else it's unrealistic.
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David
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Re: Inflation test (new screens)

Post by David »

The interesting thing is that it only an annual inflation rate of 5.6-5.7% to get to the above result (over 570% inflation in 33 years).

And it is not impossible to have such an annual rate inflation rate, considering the historical US inflation rate in the past 50 years or so.

Data - historical US inflation rates:
http://en.wikipedia.org/wiki/File:US_Hi ... lation.svg
http://inflationdata.com/inflation/infl ... ation.aspx

The complex economics option can be disabled though, to allow for games with no inflation.
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