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Not like, say, houses then. Or shares in Nvidia.

• bloppe 1y ago
  Not really, but it's actually kinda like currency. Imagine if a government suddenly devalued all $500 bills into $100 bills, but every other denomination remained the same.
  • neilwilson 1y ago
    Not really the same is it. You are confusing a stock and a flow. Currency is exchanged for something material you have to give up. Government may indeed issue more currency, and does do so every day, but it is in exchange for something the private sector has that it wants for the public service. That isn’t a problem as tax is a percentage and operates as a geometric series - meaning that whatever government issues it gets back exactly the same - unless somebody along the way saves it. There has to be something available to buy in a currency for it to be issued. As we see in the game.
  • klustregrif 1y ago
    That’s not really what happens though. What happened was that 500$ bills where so rare in circulation that collectors started paying upwards of 20 100$ to get them. Valve went “yes the 500$ are too rare, we need to fix supply so we’ll start exchanging 5 100$ bills for one 500$ bill” This had catastrophic impact on people hoarding 500$ expecting their exchange value to remain at the elevated levels.