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Public News Post #1822

Inflation and the Economy

Written by: Spitfire Illyaria Pae'ganis Sa'Gael
Date: Wednesday, June 8th, 2005
Addressed to: Everyone


Inflation is defined as:
1. A persistent increase in the level of consumer prices or a persistent
decline in the purchasing power of money, caused by an increase of
available currency and credit beyond the proportion of available goods
and services.
2. n - A general and progressive increase in prices; "in inflation
everything gets more valuable except money"
syn: rising prices

Noted along with inflation:
A general increase in the price level of goods and services. Unexpected
inflation tends to be detrimental to security prices, primarily because
it forces interest rates higher.

For the past 60 or so years prices on herbs, elixers and salves have
remained at a relative constant, neither increasing or decreasing by
much. When the original pricelist was created the economy's standards,
based on credit sales, were around one-thousand gold sovereigns a piece
and there were far less occupants in Aetherius at the time.

With time both the market's value and the amount of average bodies
within Aetherius have increased. That is only natural by time's
standards. During the influx of both of these things the prices for
herbs, elixers and salves has not changed. One thing that has been
overlooked by the desire for a higher income of those who sell on
market, or those who buy low and re-sell high, thus increasing the
economy's standards, has been the price of a Concoctionists abilities. I
would not be surprised if the current rate of the market which builds a
standard for anything else involving your coin had a vast effect on any
trade skills that are offered, including the elixers, herbs and salves
which everyone uses to maintain life every day.

Illyaria

Penned by my hand on the 21st of Ultio, in the year 464 AD.


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