Venezuela inflation set to reach 1 million percent, IMF says
Venezuela’s real GDP is expected to shrink by 18 percent in 2018, marking five consecutive years of declining growth. The IMF said that Venezuela’s hyperinflation forecast is similar to that of post-WWI Germany.
And the population is WAYYYYYYY Lower!!! It would not work in the United States. We have way too many people for it to work. Especially since the Democrats want open borders lol
I’m sure you’re also taking into account Venezuela’s unique circumstances and especially its uninitiated corruption and mismanagement every time you bring it up as boogeyman to scare people who don’t understand difficult economic concepts.
Righties use a loose, baggy, fuzzy, catch-all definition of socialism when applying it to any domestic politicians and policies that they don’t happen to like in the US.
Then, in a discussion of a place like Norway, they start parsing and demanding precision, nuance, etc. It’s absurd.