[2014-08-25] Ecuador's Phony Bitcoin Ploy

[ganabb]

http://online.wsj.com/articles/mary-ogrady-ecuadors-phony-bitcoin-ploy-1408919820

Few economic injustices are more villainous than stealing from the poor. Yet this is what a government does when it devalues its currency. Pope Francis has stressed the Christian obligation to share with the least of our brothers. Devaluation actually takes from them what they have earned themselves. And while the inflation tax that follows hits everybody, it wallops the low-income population the hardest.