After inflation hits 42%, Maduro names a more pragmatic president to the Central bank

Wednesday, August 14th 2013 - 19:36 UTC

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Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies. Read full article

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Anglotino
Tovar show me a finger!

Now just stick it here in this dyke which has sprung a 42.6% leak.

And the problem is fixed..... or is it?
Aug 14th, 2013 - 08:13 pm - Link - Report abuse 0
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ManRod
Hyperinflation is just a symptom of an severe economic illness. Mostly this isn't really fixed with meassures of the central bank.
Aug 15th, 2013 - 06:43 am - Link - Report abuse 0
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ChrisR
2 ManRod

Damn! You beat me to it. :o)

I think they should try revolutionary ideas like selling any oil they get out of the ground actually processed, for the market rate and not giving it away to deadheads like the Cubans, TMBOA, etc.

Getting the peasants to work for a living might be a good idea as well: OHHH that means getting an economy established and encouraging businesses to actually set up in Ven! Ha, ha, ha.

They are screwed big time. Couldn’t happen to a nicer set of thugs.
Aug 15th, 2013 - 11:15 am - Link - Report abuse 0
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Optimus_Princeps
Venezuela is now ahead of Belarus in the race the bottom. Marxists never learn even when they've been beaten into the ground by facts.
Aug 16th, 2013 - 07:28 am - Link - Report abuse 0
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ManRod
selling and and extending the oil production wouldn't save them eiter, Chris. Venezuela would be then suffering the dutch disease, who has dismantled the whole internal industry in the country. They're f*cked...
Aug 18th, 2013 - 01:34 am - Link - Report abuse 0
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