Inflation to hit 1,000,000% in socialist Venezuela

(Daily Signal) Venezuela’s inflation may hit 1 million percent by the end of the year, the International Monetary Fund announced on Monday.

This incredible hyperinflation is reminiscent of Weimar Germany during the years immediately after World War I, in which wheelbarrows full of cash were required to buy bare essential items, like a loaf of bread.

To counter the hyperinflation problem, Venezuela’s answer is to lop off five zeros from its currency value and launch a state-backed cryptocurrency.

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