Fox Business reports that Venezuela implements major economic changes – will they work?
Here is one of those headlines that ask a question, and the answer seems clearly a No, because the problem President Maduro is addressing is not that there is no inherent value backing the bolívar, but that the numbers on the price tags are too high.
One reform shouldn’t be too damaging:
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Maduro said Sunday that beginning Sept. 1, the minimum wage will be hiked more than 3,000% to around $30, the widely used black market rate.