Saturday 31 July 2021

Economic measures

As I return back from the remote corner of Achura where the monastery was, the contrast with the regular Caldari society strikes me again. I seem to reconnect with modernity and the busy daily worries of the capsuleer. Also my communications devices reconnected to galnet in full force, flooding my mind with news of the past weeks while the bullet train brings me back to the Saisio's central hub for interstellar travel. 

The most striking news is that the SCC central banking commissions are enacting a massive monetary operation, pumping trillions of ISK in the cluster's economy, mostly via direct grants to capsuleers. Some of this has already been plundered by the Gurista's! At the same time, the tax rates for market transactions have been strongly reduced. 

These are measures directed at reviving a stagnating economy, where income from mining has dropped, production is down, and prices are still going up. I hope the measures work - and I expect at least on the short term to see a boost in trading on the markets. With incentives to sell industrial stockpiles and flush money for capsuleers to buy ships, this is bound to happen. But if the measures overshoot the mark, on the long run this could lead to a serious inflation problem.