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so in a very short time the poverty rate in venezuela doubled. by 1995, 66% of all venezuelans were impoverished. getting poorer tends to make motors radical so inevitably venezuela got radical politics. you know what happened next, venezuela is now rated one of the most miserable places on planet earth. a few years ago, citizens in caracas were reduced to eating zoo animals. there was no food, for that matter there was no electricity. seven just half a lifetime, an advanced society had returned to the stone age. united states is not in danger of becoming venezuela next week but we are moving closer to it. inflation is a big part of the reason. of all the economic crises a country can face, inflation is the most dangerous. inflation doesn t just make people poorer, it totally destroys their confidence in their leaders, the authorities who issue the now worthless currency they are using for toilet paper. inflation is not an act of god like a drug or hurricane, it is an a ....
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