Fighting COVID with Monopoly Money
AmericanThinker.com | March 9, 2021 | A.J. Rice

The House and Senate have both passed their versions of the economic stimulus package. Joe Biden has already said he will sign it into law.

While both sides of Congress hash out how the money the nation does not have will be spent, it’s clear that most of the funds will not go directly to Americans. It will instead go to interests the Democrats favor. Americans, especially fiscal conservatives, should be outraged. We’ve gone from proudly ending the “era of big government” to spending more money than anyone can imagine, and despite the questionable effects “stimulus” spending by the government even has in stimulating economic activity and growth. Over the past year as COVID killed hundreds of thousands and lockdowns ravaged our economy, the government has now spent more than $4 trillion in money borrowed from other countries and from the future.

One only needs to look at what’s happening in Venezuela right now to understand the risks this borrowing and spending spree poses to the economy. Bloomberg reports that hyperinflation has struck the socialist nation hard.

“Venezuela said it will introduce new large-denomination bolivar notes as hyperinflation renders most bills worthless, forcing citizens to turn to the U.S. dollar for everyday transactions,” the financial news outlet reports.

The country’s central bank posted a statement on its website Friday saying it would begin circulating the new 200,000, 500,000 and 1,000,000 bills to “fulfill the current economy’s requirements” without providing further details. The 1,000,000 note — the largest in the nation’s history — is worth only $0.53 cents.”

Unoriginal. Rip-off of an old 1930s German thing.