Monday, January 15, 2018

Venezuela's Price Inflation Hits 5,067%...

...a new high.

This means one thing, a central bank money printer on steroids.

(via Steve Hanke)

The former Socialist Party lawmaker Ricardo Sanguino is head of the central bank. Blame it all on him:

 Ricardo Sanguino



  1. Replies
    1. Usually by getting paid every day and doing purchases at lunch time, if you wait to evening you lose to much. Also barter becomes important as money basically has no value. There still has to be an exchange of goods and value for both suppliers and workers to survive.