To deal with ballooning inflation rates, recently Venezuela tried to deal with the problem by removing 5 zeros from the ends of its bolívar notes, which is the national currency. The socialist country is experiencing such deep financial woes, to purchase a cup of coffee takes near 2 million bolívars. This problem is primarily due to the country’s solution to dealing with financial woes in recent years has been to print more money, but not improve the economy on the whole, thus causing hyperinflation. There is no real increase in value.
Since all value in our physical world is assigned by…