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Author Topic: Inflation in a Socialist Wonderland  (Read 1946 times)

brandyspaw

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Inflation in a Socialist Wonderland
« on: December 17, 2015, 07:07:26 pm »
Yes, its a link to that crappy liberal rag---The Washington Post. But this interesting article shows what its like to shop for goods in Venezuela with their inflation now running rampant. Their experiment in socialism isn't going well for them plus they're also suffering from all the recent drops in fuel prices. So its a perfect storm with socialism running off the rails combined with the country's loss in revenue from fuel prices.

Its a different set of circumstances than what we'd experience here in the USA.  However, it does give us a glimpse into what runaway inflation can bring to any country. So its gives you a window into what that sort of thing would be like for an everyday consumer.

https://www.washingtonpost.com/news/worldviews/wp/2015/12/11/the-special-weird-misery-of-being-a-shopper-in-venezuela/
"When the government fears the people, there is liberty. When the people fear the government, there is tyranny."
Thomas Jefferson

"Most of my money has gone for guns, cars and guitars.  The rest I just wasted."

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    coelacanth

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    Re: Inflation in a Socialist Wonderland
    « Reply #1 on: December 17, 2015, 07:57:56 pm »
    No thanks.  I remember the late 1970's and that was bad enough.   :facepalm
    " A republic, if you can keep it. "
                                                  Benjamin Franklin

    Thernlund

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    Re: Inflation in a Socialist Wonderland
    « Reply #2 on: December 17, 2015, 09:57:27 pm »
    Yes, its a link to that crappy liberal rag---The Washington Post.

    I thought The Post was a crappy neocon rag.   :?


    -T.

    ItWasntMe

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    Re: Inflation in a Socialist Wonderland
    « Reply #3 on: December 18, 2015, 04:37:08 am »
    So that's where all the Clic detergent and Swiss Miss pudding went...
    Have you considered the possibility that pathological narcissism is genetic?

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