The government’s policy has shown signs of working, albeit at the cost of further strangling an economy that’s been atrophying for years. The annual inflation rate tumbled to 34,900% from 224,900% at the end of last year, according to Bloomberg’s Cafe Con Leche Index. But still, it hasn’t slowed inflation as much as the rate of the bolivar’s declines.
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Here’s a lesson for all of us on what happens when the Gooferment prints money to pay its bills!
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