Re:Hyperinflation Pushes Venezuela to Print 1M-Bolivar Bills
by notahacker on Saturday March 06, 2021 @12:47PM
(#26369097)
Other things the US has which Venezuela doesnt: a diverse economy able to direct the increased money supply towards productive businesses, entrepreneurs willing to invest in fixing supply shortages because they don't fear the government will seize their assets, substantially more transparency and trust in the currency, and a lack of need to continue printing money just to pay off supporters and generals. Lack of sanctions helps a bit too.
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