Venezuela needs 10 billion bank notes in its new inflationary economy, more than America, and it can’t pay for them. Or pay for anything else. It can’t afford to import food and it refuses to pay fair prices at home. Meanwhile eggs, at the official exchange rate, run to $150, McDonald’s fries for $126 and a pound of coffee for $85. Socialists may not believe in inflation, but inflation believes in them.
No wonder the people are starving.
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