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  • PhotoAdamM Icon
    01 Jun 2008 - 10:30
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  1. In Topic: plz review list

    Posted 1 Jun 2008

    Perhaps it has something to do with the fact that we print up money out of thin air anytime we feel the economy is in danger. Why back the economy with anything like a gold standard? It's much more fun to play with Monopoly money.

    QUOTE (joshofalltrades @ May 23 2008, 10:19 AM) <{POST_SNAPBACK}>
    There' s a cause for everything, AdamM, and the economy is no different.

    Have you ever heard of the Federal Reserve? It pushes money (credit) that technically shouldn't exist into the hands of people who have no realistic prospect of paying it back. Basic economics (oversimplified just a bit) says that when you start injecting money into the economy and have nothing to back it, the price for everything goes up. That's called inflation, and on a small scale it's not a bad thing by itself, especially if the money injected into the system is going to the American people. Since the Fed is printing up money for big business and then the government is spending tax dollars on bailing those businesses out when they are about to go out of business, we're perpetuating a cycle of non-payment and inflation so that very little of the magic money that's being printed is ending up in the hands of Joe Taxpayer. What ends up happening is: prices go up, incomes stay down. That's how a recession starts.

    Right, there's issues with economics all over the place here. For a start, the economy is not backed by a gold standard because it's impossible. If just America were backed by the gold standard, then fluctuations in the exchange rate would mean that the fixed American price of gold to dollars would change vastly compared to prices in the rest of the world. As a result, if the dollar became weak, all the gold would flow straight out of America as people sell their dollars for gold at the fixed rate, then sell that gold on the international market at the higher rate. Of course, you could try a world gold standard, but that was what caused the great depression, attempts to adhere to a standard that was ultimately restrictive and recessionary.

    Now, as for your point on monetary policy (which is what the Federal Reserve is doing), it's one of the most useful tools a government has. True, injecting money into the economy raises the price level, but it also leads to a fall in the interest rate (through the theory of liquidity preference), and thusly, as described by the IS-LM model, an increase in output, and therefore GDP. Yes, used wrongly it can lead to inflation, but the Fed has generally done a good job of controlling inflation, and if inflation gets too high, they just lower the money supply and the economy shifts back in the opposite direction. Sure, this is a theoretical viewpoint, but it applies very well to the real world - the money printed tends to be used to fund government spending, a key component of output, and the expenditure will then have a multiplier effect as it trickles through the economy. If they go overboard, then excessive inflation is the result, but there's no clear signs that they've been doing that - American inflation is generally similar to that of most of Europe. The main reason for the weak dollar, in my opinion, has been American inability to deal with competition from the Far East, which has led to American exports falling vastly, and imports increasing. Ultimately, this will lead to the dollar weakening. The dollar could be kept strong by boosting the interest rate, lowering the money supply and deflating the economy, but this ultimately leads to recession, and was the inadvisable course of action that led to the Great Depression being such a problem. A strong dollar is not a 'goal'. A healthy economy is a goal.

    Sorry, I just studied half this stuff for my Economics BSc, hence the lengthy post. I really should be revising.

  • In Topic: Best XDAS game

    Posted 27 Jan 2007

    Notes. It was the scariest, had the best plot, and had that awesome music in the 'dark' realm. 7DAS would be second for me, then either 5 or 6, not sure which.

  • In Topic: 6DAS Spoilers

    Posted 27 Jan 2007

    QUOTE (guitar man @ Jan 27 2007, 12:17 AM) <{POST_SNAPBACK}>
    3: I can't believe nobody has mentioned this yet! Exactly who the hell calls you and tells you the combination (2741) for the hub door?...

    Did sam randomly come back to life, dial her cellphone, call Theo, and then die again? I really hope not, since that would be the shittiest literary device imaginable.

    And, why did they turn her phone off anyway?...

    QUOTE
    1) Who/What is on Samantha's phone after she dies, giving you the code for the camera?

    It's an unexplained thing to unbalance the player, like the appearance of Serena over her corpse in 7DAS.

    That' s an email I sent to Yahtzee during testing, and the reply I got. Guessing it's OK to post that here, Yahtz can blank this if it isn't.

  • In Topic: 6DAS Spoilers

    Posted 25 Jan 2007

    The plot confused me a LOT in playtesting. My personal opinion is that the plot was a little TOO opaque, and the scares not as effective as those in previous games. As I said to Yahtzee, I didn't feel anything for any of the characters, the Trilbys, who were the only ones you could really relate to from previous games, were clones, and so expendible. And the new characters just didn't get enough backstory to make me care much about them. It was good, just not as good as I think it could have been.

  • In Topic: 6 days an s-word...

    Posted 17 Jan 2007

    Nah, I'll tell ya. It's 6 Days a Samurai.


    OR ISN'T IT?

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