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Are you saying this has helped people in Venezuela?
by jerrymiller 6y ago
Are you saying this has helped people in Venezuela?
- notahacker 6y agoNot unless they had significant debts or tax bills denominated in increasingly worthless Bolivar, or the newly printed Bolivar were being funnelled to them, no. (Obviously debtors did not continue to be helped either, as businesses and lenders adjusted repayment terms accordingly, including a strong preference for receiving USD in untaxed offshore accounts, or just gave up altogether after incompetent monetary policy had ruined them.)