Venezuela Provides a Glimpse Into the Horrors of Inflation Gone Wild

A dozen eggs cost $150 USD as hyper inflation wrecks economy.

from My Budget 360

The award for worst performing economy in 2016 would likely go to Venezuela. What could possibly go wrong when the government tries to control absolutely everything in a petro state? Apparently everything can go wrong and you now have runaway inflation. At this point Venezuela’s currency is in a death spiral of hyperinflation. A dozen eggs will cost you $150 U.S. dollars. Needless to say people are going without certain items and many people are actually on the verge of starving. So when you have people acting like inflation can never be a bad thing, just look at what is happening in Venezuela. Let us actually see what is going on in the country.

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