How do I handle Inflation? it gets...ridiculous after awhile, it takes forever to get governors, and my inflation always seems to be some of the highest in the world. Any advice?
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The reason why you have a high inflation compared to the AI is probably that it generally doesn't mint, and you should usually do the same, just relying on the yearly tax. Also try to invest much on infrastructure.
Well, as for moniez in general, bailiffs are the must. Really the first thing I'm doing in every game. If not possible (if you don't even start with 1 infra), hit it immediately. Baillifs are rising yearly income like crazy, you'll notice that instantly once they're done.
Mint only if needed, and never longer than year or two. Early in the game only if you have loan(s) to repay. But never go higher than 2% I'd say. In very risky cases...but only then. In general you should be able to live from your yearly tax once some bailiffs (and conquests if you're small) are in place
Mint only if needed, and never longer than year or two. Early in the game only if you have loan(s) to repay. But never go higher than 2% I'd say. In very risky cases...but only then. In general you should be able to live from your yearly tax once some bailiffs (and conquests if you're small) are in place
so should my monthly income be negative or just really low? i generally keep around .1 to .5 a month
Eeh. Don't split your income, I always find it very ineffective. Always go 100% for something. Either 100% of income to technology, or stability, or mint it. Fully. Now, 12 months of minting without governors = 1%, with governors in every province = 0.75%. Just a short reference
Don't bother with negative monthly income, it's really better after all than inflation and it leads you somewhere around...nowhere. First decades are always tough, just invest in bailiffs (take loan if you need to, you'll repay it easier after having new baillifs). Now, the only situation when you should be bothered with negative income is when you have army over your support limit - then you're paying much more AND you'll be automatically taking loans once you hit 0 ducats. But in general at some point during peacetime you'll find out that you can easily keep up with just yearly tax added to your treasury every year
Negative income ain't bad, really. At some point you won't even notice it.
When we're at minting - massive five-six years full mints are encouraged when you are hitting level of any tech allowing you to create manufactories. Certainly a good option is to rush 3rd infra a bit and gather money for a few refineries. Don't mint when your monthly income is low! Manufactories are mostly 16th Century thing when you are around 80 to 100 ducats monthly. Then you can mint for five-six years and spend it all on refineries. Massively speeds up trade tech research - allows monopolies - makes trade useful - you can become a true millionaire. Well, that was long one. To sum up...
1.) You can easily make it with yearly income, mint only when you have loans to repay or when you're at superiore emergency situazione (but you'll probably take loan and repay it later rather than mint). Spend your money wisely, especially during early phase of the game. Always keep some reserve cash.
2.) Baillifs, baillifs, bailiffs. First thing I'm doing after acquisition of new province is BAILIFF. NO QUESTIONS. Unless you don't have money, wait until January then. AND THEN BAILIFF. NO QUESTIONS.
3.) A huge mints once you can build some manufactories and have a plan for that. I remember my epic struggle to get 4 refineries going in my Georgia's game on MyMap. But I succeeded and Georgia turned into regional power. You don't have to rush 3rd infra (some countries should have other priorities), but for Western Powers it is certainly a good thing to enter 16th Century with a few refineries.
4.) Once you have governors, you can really mint whenever you want, inflation will be eradicated anyway, at rate 0.25% / year. If you are really a major power, pull some more 5-6 year minting actions and build more manufactories. Manufactories are good.
5.) Trade, trade like crazy after you've hit 3 or 4 trade level. Get access to Asian CoTs (map exchangement/raiding of enemies capitals), make sure your traders will make it to 5th place in CoT and leave them there. At this point your income will skyrocket soon.
So, it turned into little Anjin Miura's Treaty on For the Glory Economics. Hopefully it will be of some use Certainly it's not the only way to be successful.
Don't bother with negative monthly income, it's really better after all than inflation and it leads you somewhere around...nowhere. First decades are always tough, just invest in bailiffs (take loan if you need to, you'll repay it easier after having new baillifs). Now, the only situation when you should be bothered with negative income is when you have army over your support limit - then you're paying much more AND you'll be automatically taking loans once you hit 0 ducats. But in general at some point during peacetime you'll find out that you can easily keep up with just yearly tax added to your treasury every year
Negative income ain't bad, really. At some point you won't even notice it.
When we're at minting - massive five-six years full mints are encouraged when you are hitting level of any tech allowing you to create manufactories. Certainly a good option is to rush 3rd infra a bit and gather money for a few refineries. Don't mint when your monthly income is low! Manufactories are mostly 16th Century thing when you are around 80 to 100 ducats monthly. Then you can mint for five-six years and spend it all on refineries. Massively speeds up trade tech research - allows monopolies - makes trade useful - you can become a true millionaire. Well, that was long one. To sum up...
1.) You can easily make it with yearly income, mint only when you have loans to repay or when you're at superiore emergency situazione (but you'll probably take loan and repay it later rather than mint). Spend your money wisely, especially during early phase of the game. Always keep some reserve cash.
2.) Baillifs, baillifs, bailiffs. First thing I'm doing after acquisition of new province is BAILIFF. NO QUESTIONS. Unless you don't have money, wait until January then. AND THEN BAILIFF. NO QUESTIONS.
3.) A huge mints once you can build some manufactories and have a plan for that. I remember my epic struggle to get 4 refineries going in my Georgia's game on MyMap. But I succeeded and Georgia turned into regional power. You don't have to rush 3rd infra (some countries should have other priorities), but for Western Powers it is certainly a good thing to enter 16th Century with a few refineries.
4.) Once you have governors, you can really mint whenever you want, inflation will be eradicated anyway, at rate 0.25% / year. If you are really a major power, pull some more 5-6 year minting actions and build more manufactories. Manufactories are good.
5.) Trade, trade like crazy after you've hit 3 or 4 trade level. Get access to Asian CoTs (map exchangement/raiding of enemies capitals), make sure your traders will make it to 5th place in CoT and leave them there. At this point your income will skyrocket soon.
So, it turned into little Anjin Miura's Treaty on For the Glory Economics. Hopefully it will be of some use
Certainly it's not the only way to be successful.
inflation is bad since it reduces your total income for the rest of the game. But that still means that it's ok to mint a bit, if that minting is used to raise your income significantly. It's usually worthwhile to mint for bailiffs and refineries, and sometimes the rest of the manufactories. And of course mayors
You inflation should always be at around 2%-4% since random events will fire that reduces your inflation by that amount.
As said before, for most countries, it's usually a race to get mayors, which allow you to mint a substantial portion of your income. That allows you to flood all CoTs with merchants, making your trade income skyhigh. Some smaller countries however cannot afford to forego military tech for so long.
You inflation should always be at around 2%-4% since random events will fire that reduces your inflation by that amount.
As said before, for most countries, it's usually a race to get mayors, which allow you to mint a substantial portion of your income. That allows you to flood all CoTs with merchants, making your trade income skyhigh. Some smaller countries however cannot afford to forego military tech for so long.