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Originally Posted by Shawn Steele
Seems with the increased index its harder to attain higher pr. It could also be construed that pr isnt as important though either. 
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I agree that it seems like GG is making it more difficult to reach the higher
PR values, while at the same time GG is trying to lessen the perceived importance of
PR. The problem is that these two actions are completely contradictory.
If we look at it in terms of economics, GG is limiting the ‘supply’ of
PR which actually *increases* the value, assuming demand remains constant. If GG really wants to devalue
PR they should increase supply. To make an extremely example, if every site were a
PR 10 no one would care about
PR any more, and a PR10 link would be basically worthless.
If the US government wants to devalue the dollar, what is does it do? It either prints more cash, or lowers interest rates to increase supply. When looking at
PR, I think GG would be wise in viewing it as capital. To diminish the value of
PR, GG needs to either increase supply or announce that
PR (both public and private) will no longer have any impact on SERPs. The latter would be the equivalent of abandoning the current monetary system.