Venezuela: the Sad Story Behind the World's Cheapest Big Mac
http://www.globalpost.com/article/6620708/2015/07/23/venezuela-cheapest-big-mac
Venezuela is now the cheapest place in the world to buy McDonald’s flagship double burger. That’s according to The Economist’s latest Big Mac index, which compares the dollar cost of the burger in different nations.
That’s some turnaround. In 2013, Venezuela was actually home to the planet's most expensive Big Mac, which cost just over $9.
Now, it costs 132 bolivars — 67 US cents, according to the Economist. (Check out the full data set here.)
This ranking isn't just about burgers. People follow the Big Mac index to see things like different countries’ purchasing power, and how over- or undervalued their currency may be. But this time it's telling a bigger story about a country in deep trouble.
And yet there are still many fools out there who blame a CIA-backed (sometimes even Obama-backed) "economic war" on the country's struggling economy
