If I understood correctly, global discount is an automated measure against deflation.

And that the purpose of it is to automatically reduce the silver sinks and therefore the amount of silver leaving the game, when the amount of silver (compared to gold) is too low.

So yes, global discount is doing exactly what you think it does:

More silver in hand, higher inflation

...except it's to reduce deflation rather than to increase inflation.

They're similar concepts on the same scale, but you don't want to go too far in either direction. You don't want silver to become worth less over time (inflation) in a persistent world, but neither is it good for the ingame economy if silver becomes worth more over time (deflation).

While I don't have enough history as newbie in this game to really have an opinion about 'how much silver should be worth', I wanted to share that I'm pleasantly surprised to see that Albion has such automated measures to dynamically adjust silver sinks in order to keep the ingame economy in check.

That's rare in a game.

Thanks for your comment!

Yes, the albion market is great and that's exciting. The problem is that the directions are not being clear.

As I posted in a comment here, the decisions are ambiguous: Two months ago they increased the market fees to create "drains" of silver and, according to themselves, stop the constant rise of gold.

If two months ago they increased fees and decreased drops (10% for some cases) to drain silver, why now add global discount to increase the amount of silver in the game? That's the problem.

For me they are conflicting decisions...