Inflation is a negative interest rate on cash. But you can't control it by making decrees, that's silly. Of course you can say "banks should confiscate a share

Inflation is a negative interest rate on cash. But you can't control it by making decrees, that's silly. Of course you can say "banks should confiscate a share of deposits" but all that means is that people stop using banks. Yes, there is a convenience factor for using banks, but it's not 30%. The result of making the currency less desirable is that people stop using the currency and transact in something else. That already happened -- both the Venezuelan government and the Venezuelan currency are doomed, the later already abandoned and the former kept in power only by Cuban mercenaries sent to Venezuela in exchange for oil. When Venezuela can no longer send enough oil to Cuba, the government will fall. The question is how many people need to starve before that happens and how many times will they need to keep removing zeroes from their bills. Soon they wont have the capacity to even print new bills, so that, too, will stop.