Venezuela looking at 100,000 percent inflation by year’s end. Ah! the magic of socialism: people earning a salary will need a 275% raise every single day to keep up with the cost of living.
This post was last modified on January 31, 2021
Venezuela looking at 100,000 percent inflation by year’s end. Ah! the magic of socialism: people earning a salary will need a 275% raise every single day to keep up with the cost of living.
This post was last modified on January 31, 2021
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View Comments (9)
Sanders? Sanders? Bernie Sanders?
They've been heading toward hyperinflation for yeeeears. This is just the chickens coming home to roost. There have been several examples of it during history, just do a search for Weimar Republic for one of the more notable ones.
5 years of severance won’t buy you a cup of coffee.
And we still have people in this country who want a socialist style government? Damn fools should be reading articles like this.
Yep. Socialism/Communism working exactly as anticipated. I wish the college professors would move to these socialist/communist countries (permanently) and education them on how to make it work since they all seem to think it is a great thing.
Wheelbarrow sales should go up. You can use one to cart your money to the grocery store, then use it to cart your food back home, that is if you can find a grocery store with anything on the shelves.
With just one wheelbarrow full of cash, you can carry your groceries home in your pocket.
So I guess the Super Bowl(or World Cup, if you're a sissy) of Inflation will be Venezuela vs. Zimbabwe, but don't worry; the US can be a contender again if we get a few more years of Rinocrat deficits.
A new world's record, Mugabe of Zimbabwe just broke 29,000%. Socialism has failed almost everywhere. Canada wants to get rid of it also.