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Re:Venezuelan Hyperinflation Explodes, Soaring Over 440,000 ... by contravariant on Thursday January 18, 2018 @12:28PM (#16179040)
I believe this is what economics call Dutch disease.

And corruption probably, although that might not be unrelated.

Re:Venezuelan Hyperinflation Explodes, Soaring Over 440,000 ... by freeone3000 on Thursday January 18, 2018 @01:00PM (#16179514)
There's still oil! They could still be rich! They fucked it up.