Venezuela Can’t Afford to Print More Money by Rachel Cunliffe, Foundation For Economic Education
The Dark Joke of Hyperinflation
From motorcycle parts, to flour, to fuel, to aspirin, we’ve been documenting the turmoil as Venezuela rapidly runs out of just about everything and spirals into economic collapse. But this week’s story of shortages surpasses them all.
Now Venezuela is running out of money. Actual money. As in banknotes. The country can no longer afford the pieces of paper which represent the money it doesn’t have.
Andrew Rosati from Bloomberg has the full remarkable story:
In a tale that highlights the chaos of unbridled inflation, Venezuela is scrambling to print new bills fast enough to keep up with...
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