There was a number in a BBC article today that staggered me for a bit. Inflation there is astronomical, at a daily rate of 2300%.
2300% a day means a cup of coffee that costs $1 today will cost $23 tomorrow and $529 the next day. Starbucks would not be a popular place by the end of the work week. It sounds ridiculous but that is Venezuela’s inflation rate at 833,000 %. That is an impossible number, being one that no country can survive for long.
In 1923, Germany was suffering from hyperinflation and costs doubled every two days. Nobody can live with that kind of inflation and Venezuelan people are leaving in droves. Hitler rose out of that confusion in Germany and it would be nice to avoid that following form by the leaders of the current Venezuela.
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