Socialist Country That Doesn’t Believe in Inflation to Hit 1% Million Inflation

The left-wing sociologist running the Venezuelan economy doesn’t believe in inflation. Last year he wrote a pamphlet in which he insisted that “Inflation does not exist in real life.”

Inflation certainly exists in Venezuela which has seen 500% inflation. The Socialist regime responded with price controls. When stores and farmers wouldn’t sell at set prices, soldiers were sent in to take them over. Crowds initially cheered all the subsidized products. But they wouldn’t be cheering for long.

The Socialist government tried to solve its money problem by printing more money. But it wasn’t able to pay for the money it wanted to print because of the inflation which officially did not exist.

Teachers sell passing grades to students in exchange for milk and flour. Lines at government stores are endless and an entire economy has been built on buying and trades spots on food lines. Fingerprint scanners are used to enforce milk rations. And a heavy military police and military presence is required to stop mobs of starving people from grabbing the food as soon as it arrives.

via Socialist Country That Doesn’t Believe in Inflation to Hit 1% Million Inflation

This entry was posted in Articles, Features, Re-Blogs by OyiaBrown. Bookmark the permalink.

About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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