>how is the printing of money by Venezuela different from the printing that goes on in the West In the west you produce things, so you need to print money to b

>how is the printing of money by Venezuela different from the printing that goes on in the West In the west you produce things, so you need to print money to buy those things, or money would depreciate. In third-world countries like Venezuela the gov needs money, so he prints a lot of it. There are no new things. Nothing get produced or imported, so you have a lot more money for the same things. Thats inflation.