All tagged Venezuela
While #metoo is sweeping American culture, it’s do what you have to do where the currency and economy have collapsed. For now the U.S. dollar is strong and all is well. Meanwhile Bloomberg headlines recently screamed, “Treasury Sees 2018 Borrowing Needs Surging to $1.34 Trillion.”
If Bernie were paying attention, there is a minimum wage experiment going in real time in Venezuela right now. Sure, there’s some serious money printing going on there and plenty of socialist schemes to keep the shelves empty. However, the fact there’s nothing to buy hasn’t kept Venezuelan president Maduro from hiking that country’s minimum wage 24 times since 2013 when he took office.
Meanwhile we have a modern socialist experiment imploding before our eyes. These policies have led to shortages of everything, from food to toilet paper, while the government’s printing presses have created hyperinflation.
