Currency arbitrage and Torchlight II

[Antonin Artaud]

I expected the unexpected when this game finally came out, but to have the overvalued situation of the euro as the most interesting and commonly posted subject of the TL2 release, a full two months (at least) before it will actually come out, is definitely a surprise. Personally, I think people should price the euro at 3/4 the greenback (or 4/3), even with the brutal VAT.

So let's review for the folks involved:

http://en.wikipedia.org/wiki/Currency_war

http://en.wikipedia.org/wiki/Fiat_money

http://en.wikipedia.org/wiki/Mercantilism

http://en.wikipedia.org/wiki/Value_added_tax

Every person on the planet with a stake in the global economy should understand the gist of the above articles. But our european friends often forget that the US (like other parts of the third world) has different tax regimes, and the differences can even be extreme, the home state of Valve has no individual personal income tax, for example.

I think that <20 euros for TL2 is still a screaming bargain, in any case, though 15 euros relative to 20 greenbacks is definitely "fairer".