“Earlier this month, in another attempt to ensure ‘happiness for all people,’ Maduro began to hand out Christmas bonuses, in preparation for the coming elections in December. But political campaigning is not the only reason for the government’s open-handedness. The annual inflation rate in Venezuela has been rapidly rising in recent months, and has now reached a staggering 54 percent (not accounting for possible under-estimations). Although not yet officially in hyper-inflation, monetary expansion is pushing Venezuela toward the brink.  In such an environment, paychecks need to be distributed quickly, before prices have time to rise; hence, early bonuses.”

http://www.ibtimes.com/inflation-shortages-economic-turmoil-venezuela-brink-1470274

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