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A comment on Venezuela devalues the bolivar by 95% and pegs it to ‘oil-linked’ cryptocurrency. Parent comment
1) By relying almost exclusively on oil
2) By implementing price controls on staple goods to help the poor: this effectively drove whole industries out of business
3) By trying to control of the foreign exchange, preventing people from freely exchanging their money with dollars
In other words, by trying to implement a socialist government program.
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1) By relying almost exclusively on oil
2) By implementing price controls on staple goods to help the poor: this effectively drove whole industries out of business
3) By trying to control of the foreign exchange, preventing people from freely exchanging their money with dollars
In other words, by trying to implement a socialist government program.