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Episode 77: 'There Ought to Be a Law’: What that Phrase Actually Means

Words & Numbers

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Introduction

The International Monetary Fund predicted Venezuela's inflation rate would hit 1 million percent by the end of the year. The Venezuelan government has taxed and borrowed so much that there's no place from which it can tax or borrow more. To put that in perspective, a McDonald's cheeseburger that cost $1 on August 1st would cost $3 by September 1st, $30 by Halloween, 90 by Thanksgiving, 300 by New Year's, and almost $2,000 by Valentine's Day.

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