>I wonder why there's inflation in Venezuela, and not e.g. in the EU or the US. In particular, how is the printing of money by Venezuela different from the prin

>I wonder why there's inflation in Venezuela, and not e.g. in the EU or the US. In particular, how is the printing of money by Venezuela different from the printing that goes on in the West (Quantitative Easing). Printing money doesn't cause inflation. Spending does. QE doesn't directly cause spending. It just lowers interest rates and hence shifts investors' investment preferences from treasuries to equities/land/housing/riskier debt as they try to get back the yield they used to have. This pushes up the price of housing and equities to absurd levels, among other things. That is, until they both crash. That actually, perversely, causes CPI deflation. People are spending less on consumer goods as they need to spend extra service their mortgage/rent/retirement fund/student loan repayments.