sparky
Diamond Member
- Oct 19, 2008
- 32,915
- 19,671
Isn't that what happened to Venezuela ?Things like this is what a Fiat Currency can do and do well if needed if the Fiat Currency is not abused by constantly running deficits. The return becomes weaker and weaker but keeps the economy treading water for a period of time.
IIRC, the 'left' here lauded Chavez's socialist system as a roll model, until it collapsed under it's own weight....
~S~