Socialism Works Until You Run Out of Money to Pay for the Paper Your Money is Printed On

Daniel Greenfield

Here's a preview of Bernie Sanders' economic policy over in Venezuela.

Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela’s crippled economy.
But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela’s currency, the bolivar.  The shipments were part of the import of at least five billion bank notes that PresidentNicolás Maduro’s administration authorized over the latter half of 2015 as the government boosts the supply of the country’s increasingly worthless currency, according to seven people familiar with the deals.........This money is already worthless. Bolivars are running at 1,000 to a dollar. Doubling the supply just means they'll run 2,000 to a dollar or 10,000 to a dollar. Buying anything now costs at least 1,000 bolivars. Venezuela's Socialist government had to buy its own fake money from abroad because it couldn't afford to print its own money anymore ......

Socialism. It really works.

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