Here’s a one-word piece of advice for America’s growing socialist left: Venezuela
Hyperinflation in Nicolas Maduro’s socialist paradise is now running at 43,378 percent. It takes a full fifth of a minimum-wage worker’s monthly salary just to buy a cup of coffee in a cafe, Bloomberg reports.
And it’s getting worse: If inflation continues as it has during the last three months, the rate would hit 482,153 percent. That’s a fast track to economic Armageddon.
Food is already scarce; medicine scarcer still. The government maintains price controls and pays enormous subsidies on food staples — but it can’t sustain that.
https://nypost.com/2018/06/29/heres-a-one-word-piece-of-advice-for-americas-growing-socialist-left-venezuela/