Posted on 12/03/2018 6:54:18 AM PST by C19fan
Worker, "but there is nothing to buy, the store shelves are empty!"
General Secretary of the Communist Party,"Look how we are saving you money, you will be able to save all you wages!"
Worker, "but my family is starving!"
General Secretary of the Communist Party, "Would you rather your family be sent to the Gulag Comrade?"
Our own Federal Reserve claims that too much economic growth causes inflation.
But Venezuela is a perfect example of declining productivity causing inflation.
So Shall It Be!! :)
Venezuela is a prime example of currency increasingly perceived as worthless, combined with rampant shortages. If you want to go to root causes of both, then productivity comes into play, but productivity is actually punished under such socialist regimes, whether that’s their intention or not it’s the reality in the end.
THIS!!!!
Bernie Sanders socialist world at work!
Yes, productivity in Venezuela declined because of their government.
The same was true for Zimbabwe which had hyperinflation.
While crushing war debt was the fundamental cause of the Weimar Republic’s hyperinflation, it was triggered by a sharp decline in productivity caused by a massive strike.
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