Wednesday, August 19, 2015

Wednesday Miscellany News Brief

1.) Venezuela’s currency is now so worthless that people are using it as napkins : “The country has a spiralling inflation rate. Official inflation is high enough, at 68.5%, but like the official exchange rate, that paints a much rosier picture than reality. Professor Steve Hanke, who runs the “Troubled Currencies Project,” a joint program between the Cato Institute and Johns Hopkins University, says in reality inflation is more like 808%.”

2.) Economic Crisis Goes Mainstream – What Happens Next? : “Media outlets are begrudgingly admitting to global...

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