Tue Jun 30, 2015 3:16 am
Durk, I'm not sure you are interpreting that inflation right, or rather the problem I am complaining about correctly. I agree that the US (and all GP) economy is overpowered in 1880 scen. As in it produces FAR FAR more goods than it consumes or can sell. On the supply side the US economy is on fire, however, the demand side is cold as ice. Demand is only about 50% higher than it was in the 1850 scen, yet supply is about 10x higher. The result is an unrealistic inflation resulting from private capital shortages as factories produce surpluses they can't sell becuase the market is saturated. In real life prices would be hitting the floor, not soaring.