How Inflation Destroys Countries

Remember your parents telling you how “back in my day, that used to cost a quarter”, and “You could pay bills making a little over a dollar a day”?

Since the 1950’s, the cost of living has risen exponentially in the United States, and more than 50 million Americans each year go hungry.

Tom Sirois
Courtesy MyBudget360.com

In Venezuela, Hyperinflation is ravaging the country, where people line up outside of nut and fruit stores, hoping for cheap food.

A hamburger in Venezuela, according to a recent Yahoo news article, was found to cost around $170 in U.S. currency, and a hotel stay costing around $7,000, yes thousand, dollars a night.

A strict reform is needed in both America, and countries like Venezuela to battle the cost of living, versus earned income, so that the people may prosper.