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hyperinflation

01/22/2019 / By Tracey Watson

Reminder from Venezuela: Inflation is not a natural disaster; it is a man made catastrophe that’s entirely avoidable

Back in February of 1973, inflation in Venezuela was at a respectable 3.22 percent. Those days are long, long gone, however. According to TradingEconomics.com, consumer prices jumped by a staggering 1.3 million percent in Venezuela over the past year. The country is in an absolute economic freefall which at this point looks completely irreversible. Interestingly, […]

09/18/2018 / By Tracey Watson

40% of retail stores in Venezuela go bankrupt as government mandates massive minimum wage hike that no employer can afford

Just when it seems like things cannot possibly get any worse in Venezuela, they somehow do. A combination of rampant corruption, failed socialist policies, and the 2014 fall in the oil price have already left this formerly wealthy country reeling, pushing it right over the edge financially. At the end of July, Venezuela’s annual inflation […]

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