Incorrect. I have played this game for years too, and Cryptic doesn't care if you have 1 million EC or 1 billion. I currently have well over 1 billion divided between my alts right now.
If Cryptic cared about EC values they wouldn't make it possible to sell ships for 500 million EC - or even allow you to buy 4 Keys with your Stipend and sell them for 5 million EC on the Exchange. Nor would they let you run a Tour the Galaxy and make a million or more from 1 event.
ECs are there to distract you from the true economy: Zen to Keys/Lobi.
Well until they allow us to use Dil/Zen on the actual exchange (which I hope they never do) EC will always be the currency of products. You can't buy something from someone for Dilithium, only EC.