They could also apologize to the likes of Maria Lourdes Afiuni and try to reinstate rule of law and return some of the confiscated businesses to their owners.
Venezuela used to be the richest country in South America and has possibly the worlds largest oil reserves. It's taken some impressively bad governance to get it to its present state.
That's a little hard to do when you're currently facing hyperinflation.
Okay, then how are you going to "borrow and spend on public infrastructure"? Where is that money going to come from? If you're not going to print it now, you can float a bond, but that bond is going to be backed buy the promise of future solvency. And investors have very little reason to have faith in the future solvency of that government, which means we're back to either printing money to fulfill the bond or defaulting.
Countries suffering from hyperinflation don't borrow and spend on public infrastructure. They run the printing presses to make money so they pay off the military, police and their high level supporters to stay in power.
> If you're not going to print it now, you can float a bond, but that bond is going to be backed buy the promise of future solvency.
No one is buying bonds from a country suffering from hyperinflation. That would be crazy.
Unfortunately for Maduro, the only way to solve this problem is to replace the government, introduce a new currency and stop running the printing presses.
Okay, it's not THAT simple, but it is a good start.
Yes, that's what I'm saying. Which is why the "solution" isn't as simple as "borrow and spend on public infrastructure".