Digital gold from Blizzard’s massive multiplayer online game “World of Warcraft” is worth more than actual Venezuelan currency, the bolivar, according to new data.I've written before about hyperinflation (here, for example). This is what hyperinflation looks like at the beginning.
Venezuelan resident and Twitter user @KalebPrime first made the discovery July 14 and tweeted at the time that on the Venezuela’s black market — now the most-used method of currency exchange within Venezuela according to NPR — you can get $1 for 8493.97 bolivars. Meanwhile, a “WoW” token, which can be bought for $20 from the in-game auction house, is worth 8385 gold per dollar.
According to sites that track the value of both currencies, KalebPrime’s math is outdated, and WoW gold is now worth even more than the bolivar.
Venezuela is starving. And it was only a few years ago when Chavez and his socialism were being praised by American leftists (here's another).
Update, 8/2/17: A couple of days behind me is the Los Angeles Times with this op-ed: