Re:'Grand Theft Auto V' Crosses $1B In Sales
by icu on Friday September 20, 2013 @08:21PM
(#6421357)
Another sucker duped by official numbers. Ask yourself, "What happens when nearly all the central banks in the western world print tons of money?" Then follow that line of reasoning and look at how official inflation figures are constructed. Then ask if there is a descrepancy. Bottom line, go do some homework on inflation.
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Re:'Grand Theft Auto V' Crosses $1B In Sales
by deveshparekh on Friday September 20, 2013 @10:39PM
(#6421761)
Exactly which part of the Bureau of Labor Statistics methodology do you disagree with? http://www.bls.gov/cpi/cpi_methods.htm
Which part of the Billion Price Project's methodology do you disagree with? Its measure of inflation agrees with the BLS's pretty closely. http://bpp.mit.edu
Which measure of inflation do you prefer over those two, and where can we examine its methodology?
Re:'Grand Theft Auto V' Crosses $1B In Sales
by mkeener on Friday September 20, 2013 @08:48PM
(#6421442)
Isn't that assuming a static level of wealth/production? Wealth/Production output isn't a zero sum game, it's not some pie you keep cutting into smaller slices. It can grow over time and even if you increase the number of slices cut, each slice can retain the same relative mass. It's when these don't match up that you find yourself with an inflationary or deflationary currency.
Yes, you can and do cause inflation by printing more money, but it's not as simple as you assert it to be, and it certainly doesn't warrant the rudeness to the parent.