Bloomberg on Venezuela: "We're idiots who understand nothing."

They didn't put it quite that explicitly. What they actually said, on Venezuelan inflation, was,

“Venezuela is scrambling to print new bills fast enough to keep up with the torrid pace of price increases.”

Face ---► palm.

To drive home that that's not a fluke, here's part of the heading on a graph in the same article:

“Venezuela’s rampant inflation is driving a huge increase in bills in circulation.”

They actually said that. Bad Bloomberg! No Nobel!

Update:

Venezuelan currency is now worth less than the World of Warcraft currency:

http://www.theblaze.com/news/2017/07/31/world-of-warcraft-video-game-currency-no...