The low point of toilet paper

The UN needs to manage a number of very depressed economies, writes Dennis Fitzgerald.

The saying “not worth the paper it’s printed on” takes a new and sad low point with the Venezuelan bolivar. The recent photos in papers of a roll of toilet paper costing over 2.5 million bolivar – a pile of paper far larger than the toilet roll – reinforces the farcical situation. If they bought toilet paper, they would end up with less paper!

The political solution of simply removing a few zeros from the notes’ denomination is a zero value, or actually a negative answer. It simply destroys any savings, salaries and stored values.

The UN needs to look at how to manage a number of these countries as they lead to very depressed economies and people. These people have a right to be able to work, save and live a reasonable life. Admittedly they have many other, probably more serious, problems to solve, but stability in the world’s economies will reduce conflicts.

Return value to people’s work.