Via Reuters: “Inflation [in Venezuela] hit 82,700 percent in July as the country’s socialist economic model continues to unravel, meaning purchases of basic items such as a bar of soap or a kilo of tomatoes require piles of cash ...” (Hat tip: Alex Tabarrok, via Marginal Revolution.) Hey, but at least everyone is equal … equally poor, that is!
- 203,159 hits
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Blogs I Follow