Not Even Dollars Can Save Venezuelans From Inflation’s Wrath

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.

Source: Not Even Dollars Can Save Venezuelans From Inflation’s Wrath

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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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