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RE: The real cause of Inflation and its Effects

in #economy6 years ago

Inflation, is an evil that can cause devastating effects in a country, to ruin it, I will comment what happens in my country Venezuela, annual inflation, reached a record in 2018, to overcome this, in more than one million. Percent, the price of articles increases disproportionately, in a matter of minutes, there is no control that allows these increases to slow down, the people who have the money must go to collect the things they need and those that do not need them. To avoid devaluing the money, only this week the price of the dollar with respect to the Bolívar increased by more than 100%, finally, it is a desperate situation, caused by the bad economic policies of the so - called socialism of. the 21st century.