Skip to Content
4-10-2008 @ 4:51PM
... I'm going to suggest WoWInsider staff refrain from writing about Economics or Financial topics after reading this article. The factual errors in regards to inflation present are horrendous.The Federal Reserve DECREASES the amount of money in an economy to curb inflation (via short term interest rates). If you increase the amount of money (gold in this case) in a system people have more money to spend on the same amount of goods. Prices rise, and you get inflation.A simple google search for "inflation federal reserve" can bring you to this website.http://money.howstuffworks.com/fed5.htm
4-10-2008 @ 5:24PM
I'm going to suggest forum trolls read the linked articles that are being summarized before posting inanities after reading this post. The factual errors in regards to informational sources are horrendous.A simple scan of the posted article can bring you to this website.http://relmstein.blogspot.com/2008/04/daily-quests-federal-reserve-rate-for.html
4-10-2008 @ 7:15PM
Did... did you even read the post Mike made, much less the one he linked to?"But, says Relmstein, the Federal Reserve's control is a two-way street. Once you start pouring too much gold into an economy, then you have to start dealing with inflation." - Mike."If you increase the amount of money (gold in this case) in a system people have more money to spend on the same amount of goods. Prices rise, and you get inflation." - you.
4-10-2008 @ 11:59PM
Some people need to stop Googling stuff just to make themselves sound smart. Because if they actually didn't read the thing they're commenting on, they actually come off sounding really stupid.
4-11-2008 @ 4:37AM
Please, you flatter me. Im not near enough of a troll to be able to compete with all the fanboys on this site apparently. If youd like to try to follow my logic on why I bashed both articles (and Blizzard if monetary policy was their aim) go ahead and go to page two. I left an open ended question for a fellow fanboy of yours to think about.
First time? A confirmation email will be sent to you after submitting.
Members enter your username and password.
Enter your AOL or AIM screenname and password.
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.