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OK Leftists, Explain Venezuela’s Inflation Rate Then

Something that we might ask Young Owen to explain. Or any of the other fools who praised Bolivarian socialism along the way like Mark Weisbrot. Why has the economy of the place subject to this new and incisive form of socialism fallen apart?

In short, what the hell happened here?

Answers on a postcard to Momentum.

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jgh
jgh
3 years ago

Don’t you know you should plot inflation as a log graph? Plotting it linearly is a neoliberal western plot to overexaggerate the minor hiccups in the progress to utopia.

PJF
PJF
3 years ago

Postcards *from* Momentum would note the inflation rate went crazy from August ’17, thus proving that it’s all due to Yankeeee imperialism; and also that Worstall wos wrong:

https://www.forbes.com/sites/timworstall/2017/08/26/us-imposes-more-sanctions-on-venezuela-politics-yes-little-economic-effect-expected/#3dc7687c7074

Not my postcards, you understand…

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