How Bernie Sanders's minimum wage hike idea works in Venezuela

American Thinker ^ | 6 Jan, 2018 | Monica Showalter

[MarkL]

And this includes Sanders. He was a hippie bum for most of his useless life.

As I recall, for a short time he lived on a "hippie commune," where he was despised, because he didn't want to work. I believe he left before he was kicked out.

Mark

[bitt]

see #15

[Pontiac]

it will be only natural to encourage more inflation since cryptocurrency inflates as demand grows.

Who is going to demand Venezuelan currency?

I would think that deflation more likely in this case.

At least this currency would be tied to a real commodity, oil. If it was actually operated in that fashion it would be real money. A volatile currency however and so not a very good one.

It would be like taking a bunch of oil futures to the store. I don’t see it catching on because who would accept it in trade?

[null and void]

it will be only natural to encourage more inflation since cryptocurrency inflates as demand grows.

It can be made to, but the whole point of most cryptocurrencies IS A FIXED AND LIMITED SUPPLY.

[Ruy Dias de Bivar]

***raising the minimum wage***

If this solved all problems we should still be working for 25 cents an hour, in real silver coin.

[bigbob]

Yet in the US, where “more government” mandates have failed, Trumps “less government” tax” plan has allowed voluntary wage increases to $15/hr.

So which approach is the winner, class?

[chuckee]

When price controlled socialist states like Venezuela start crumbling, the haves and have nots are defined by who has toilet paper.

[Keyhopper]

We start by using unemployment and welfare to gauge how many immigrants we really need.