Hyperinflation

US Spent A Record $4 Trillion In Fiscal 2017, Pushing Deficit To $666 Billion

Federal tax receipts reached a record high $3.3 trillion, thanks to slightly faster growth, according to a senior Treasury official. But government outlays also hit a record high last year at nearly $4 trillion ($3.95 trillion to be precise), 3% higher than they were in the previous fiscal year, thanks to increased spending on Social Security, Medicare and Medicaid, as well as higher interest payments on the public debt

How Socialism Ruined Venezuela

"As Venezuelans, our poor understanding of the importance of freedom and free markets has created our current disaster... when we enjoyed high levels of economic freedom, we allowed the destruction of political and civil rights, and when we finally established a democracy, we allowed the destruction of economic freedom."