{"id":1939,"date":"2013-05-23T03:08:11","date_gmt":"2013-05-23T03:08:11","guid":{"rendered":"https:\/\/www.novonon.com\/blog\/2013\/05\/23\/a-virtual-weimar-hyperinflation-in-a-video-game-world-peter-c-earle-mises-daily\/"},"modified":"2013-05-23T03:08:11","modified_gmt":"2013-05-23T03:08:11","slug":"a-virtual-weimar-hyperinflation-in-a-video-game-world-peter-c-earle-mises-daily","status":"publish","type":"post","link":"https:\/\/www.novonon.com\/blog\/2013\/05\/23\/a-virtual-weimar-hyperinflation-in-a-video-game-world-peter-c-earle-mises-daily\/","title":{"rendered":"A Virtual Weimar: Hyperinflation in a Video Game World &#8211; Peter C. Earle &#8211; Mises Daily"},"content":{"rendered":"<p>A Virtual Weimar: Hyperinflation in a Video Game World &#8211; Peter C. Earle &#8211; Mises Daily<br \/>\n<a href=\"http:\/\/mises.org\/daily\/6435\/A-Virtual-Weimar-Hyperinflation-in-a-Video-Game-World\">http:\/\/mises.org\/daily\/6435\/A-Virtual-Weimar-Hyperinflation-in-a-Video-Game-World<\/a><\/p>\n<blockquote><p> As virtual fantasy worlds go, Blizzard Entertainment\u2019s <em>Diablo 3<\/em> is particularly foreboding. In this multiplayer online game played by millions, witch doctors, demon hunters, and other character types duke it out in a war between angels and demons in a dark world called Sanctuary. The world is reminiscent of Judeo-Christian notions of hell: fire and brimstone, with the added fantasy elements of supernatural combat waged with magic and divine weaponry. And within a fairly straightforward gaming framework, virtual \u201cgold\u201d is used as currency for purchasing weapons and repairing battle damage. Over time, virtual gold can be used to purchase ever-more resources for confronting ever-more dangerous foes.<\/p>\n<p>But in the last few months, various outposts in that world \u2014 Silver City and New Tristram, to name two \u2014 have borne more in common with real world places like Harare, Zimbabwe in 2007 or Berlin in 1923 than with <em>Dante\u2019s Inferno<\/em>. A culmination of a series of unanticipated circumstances \u2014 and, finally, a most unfortunate programming bug \u2014 has over the last few weeks produced a new and unforeseen dimension of hellishness within <em>Diablo 3<\/em>: hyperinflation.<\/p>\n<\/blockquote>\n<p>(via <a href=\"http:\/\/www.instapaper.com\/\">Instapaper<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Virtual Weimar: Hyperinflation in a Video Game World &#8211; Peter C. Earle &#8211; Mises Daily http:\/\/mises.org\/daily\/6435\/A-Virtual-Weimar-Hyperinflation-in-a-Video-Game-World As virtual fantasy worlds go, Blizzard Entertainment\u2019s Diablo 3 is particularly foreboding. In this multiplayer online game played by millions, witch doctors, demon hunters, and other character types duke it out in a war between angels and demons [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1939","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3pfIY-vh","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/1939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/comments?post=1939"}],"version-history":[{"count":0,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/1939\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/media?parent=1939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/categories?post=1939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/tags?post=1939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}