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Oh Please. Do not scapegoat Venezuela's social spending and socialist ideals for the hyperinflation problem. Norway has much more generous social programs and
by 1971genocide 11y ago
Oh Please.
Do not scapegoat Venezuela's social spending and socialist ideals for the hyperinflation problem.
Norway has much more generous social programs and yet they do not suffer from the same problem.
Is it really hard to admit that economics of a nation is really complicated and doesn't just boil to an argument about ideology ?
Venezuela's problem is corruption, nepotism and having an economy that is highly dependent on a single export.
What happens to america if tomorrow ppl stop treating dollar as the reserve currency ? America's main export to the world.
Anyway - I do not expect the mouthpieces of wallstreet at bloomberg to think outside their shell.