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Want more evidence of what hyperinflation does to a country? Venezuela today

Posted by John Reed on

A reader sent me this link saying Venezuela is experiencing all the things I predict for any hyperinflated country. One is empty store shelves. A picture is worth a thousand words so take a look at this photo of empty shelves in Venezuela.
My book below details the numerous woes that hyperinflation causes. Venezuela is just current proof, as have been the similar episodes of hyperinflation going back to the year 400 BC. Further evidence was not needed by me, but if you don’t believe evidence that is more than a week old, read this NY Times article.

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