Venezuela on Brink of Hyperinflation

Post by BurningFrog » Mon, Aug 24, 2015, 8:40 PM UTC

cb18 wrote: post #80

BurningFrog wrote: post #79

Earlier quoted context omitted.

> there has been some recent talk of actual formalized anti-freedom measures This is the kind of things that worry people in the top freest countries. In the lower ranked countries there is far more than talk about such things going on.

That's a fine point, it is basically a tautology though, and certainly doesn't mean we should ignore this kind of thing, lest the top free countries go the way of the less free. What I find most disturbing about this guy's rhetorik is that he says "Politicians give us the right," when that is exactly opposite how things are understood to work in modern democracies. The people give their consent to politicians and by…

Yeah, I'm not saying you should ignore it. Only that compared to real life international freedom levels, it is a minor problem.

Post by gassius » Tue, Aug 25, 2015, 3:44 AM UTC

dev360 wrote: post #78

gassius wrote: post #68

Earlier quoted context omitted.

(words from Venezuelan living in Venezuela) Actually, external debt in foreing currency is not an important factor in what's happenig. Even with the oil price collapse in the last 12 months, Venezuela current account balance is positive, and it's debt to GDP ratio is a lot more manageable that US or EU (although of course that depends on which exchange rate you calculate the GDP). The hyperinflation (which we are not…

Question for you - to what extent does the Venezuelan gov. interfere and control the means of production and distribution of everyday household products? When I lived in Miami, we were fed incessant articles and anecdotes from Venezuelan emigrants about how the government meddled with the allocation of basic household goods.

Right now, interferes a lot, but as far as control goes, nobody is controlling anything.

Since middle of last year, they started meddling with how supermarkets sells to customers, for example, you can go to a supermarket only two days a week to buy "price regulated products" which are every simple thing like pasta, milk, flour, meat, cleansing products, soap, shampoo etc. Also they are trying to implement a biometric system so you can buy only certain number of such products once you are validated with your fingerprints. But of course they have botcheted that as well, so now you are fingerprinted but on the 2 days a week your are allowed to go, is a nightmare.

Probably the most of Venezuelan expats in Miami are antichavistas, but I tell you one thing, nothing like this happened while Chavez was alive. OTOH, it seems obvious that the problems of today are rooted in some of Chavez's policies.

Re: Venezuela on Brink of Hyperinflation

Re: Venezuela on Brink of Hyperinflation