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MorTech
01-20-2017, 09:31 AM
Long ago, I paid one million Turkish Lira for a cup of coffee. I was a rich playboy billionaire! Throwing around millions of Lira like "party like its 1999".

Socialism works! Venezuela a nation of millionaires << Hot Air (http://hotair.com/archives/2017/01/18/socialism-works-venezuela-a-nation-of-millionaires/)
Don Baldwin
01-20-2017, 09:42 AM
Long ago, I paid one million Turkish Lira for a cup of coffee. I was a rich playboy billionaire! Throwing around millions of Lira like "party like its 1999".

Socialism works! Venezuela a nation of millionaires << Hot Air (http://hotair.com/archives/2017/01/18/socialism-works-venezuela-a-nation-of-millionaires/)

That's debasement of a fiat currency. Eventually...it goes to zero.