Business News

How public ineptitude and private enterprise combined to give Venezuela hyperinflation

Written by Michelle Carmody, Academic Specialist, Latin America, University of Melbourne

Imagine going to the store and finding that nothing has a price tag on it. Instead you take it to the cashier and they calculate the price. What you pay could be twice as much, or more, than an hour earlier. That’s if there is even anything left in stock.

This is the economic reality that underpins Venezuela’s current “political...

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