Accuracy in Media

Socialism doesn’t work, as Venezuela is demonstrating:

President Nicolas Maduro hiked the minimum wage another 50% on Sunday, the fifth increase in the past year. That sounds like a big raise, but it pales in comparison with the dizzying increases in prices that have made food too expensive for many Venezuelans.

Inflation is expected to surge to 1,660% this year and 2,880% next year, according to forecasts by the International Monetary Fund.


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