Exactly. Having is meaningless in this case. Virtual goods infinite potential doesn't mean anything until it's a finished product: a meso in an account.
This is basic macro econ stuff. The US fed can generate trillions of dollars by tomorrow but if it takes a solidified form that circulates in the economy, there will be an overwhelming inflation. So the "sitting duck" effect rules.
this is one of those economic paradoxes.
Q. Does the pattern hold?
A. Yes. There are instances where the banks beat the fed at their own game during economic "bubbles". The subprime mortgage lending fiasco was proof enough of this. Think about it. Why did federally chartered mortgage companies fail if they have the backing of infinite supply?
Sure Nexon COULD sell every player 2b for a dime, but that would completely and utterly destroy the game and send Nexon to unemployment insurance offices.
This is basic macro econ stuff. The US fed can generate trillions of dollars by tomorrow but if it takes a solidified form that circulates in the economy, there will be an overwhelming inflation. So the "sitting duck" effect rules.
this is one of those economic paradoxes.
Q. Does the pattern hold?
A. Yes. There are instances where the banks beat the fed at their own game during economic "bubbles". The subprime mortgage lending fiasco was proof enough of this. Think about it. Why did federally chartered mortgage companies fail if they have the backing of infinite supply?
Sure Nexon COULD sell every player 2b for a dime, but that would completely and utterly destroy the game and send Nexon to unemployment insurance offices.