Venezuela introduces new 1,000,000 ‘Bolivar’ bills as hyperinflation spirals out of control

The idea of hyperinflation is usually a joke to Americans. It’s the ultimate sign of a failed state — worthless currency combined with leaders who have no idea how to make that currency less worthless.In 2008, for instance, “The Daily Show” did a bit on the economic crisis in Robert Mugabe’s Zimbabwe, a country that hit rock-bottom sometime in the 1990s and just kept on digging. It had been forced to issue currency that was worth 100 trillion Zimbabwe dollars per bill — but, as a reporter pointed out, a trillion bucks would only buy a few tins of baked beans and some tomatoes.

Source: Venezuela introduces new 1,000,000 ‘Bolivar’ bills as hyperinflation spirals out of control

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