Venezuela’s High Inflation, Hyperinflation

Instant Max AI

(Piero Stewart, Energy Analytics Institute, 20.May.2017) – “This government doesn’t want to reduce inflation because this government, generating inflation uses it to finance itself,” said opposition lawmaker and Economist José Guerra.

“The inflation is a financing mechanism of the government and that is why they don’t want to stop it,” he said. “When there is high inflation or hyperinflation, the solution is very simple: stop the issuance of inorganic money that is carried out by the Venezuelan Central Bank,” said Guerra during an interview broadcast by Globovision.

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