You may say that they are Niagara Falls.Niagara Falls are really beautiful,but in terms of the height,the most fantastic one in the world are Angel Falls.They are deep in the jungles(丛林)of Venezuela. Few people have ever seen Angel Falls.It's very hard to get there.If you...
Venezuela has responded to this need for revenue by simply printing more money – and that has led to spiralling inflation, with the currency becoming increasingly weak in terms of its purchasing power. Chávez and his successor, Nicolás Maduro have each responded to this spiralling inflation in ...
What if they had saved some of the money?https://www.facebook.com/theeconomist
Venezuela. The latest case of hyperinflation began in Venezuela in 2016 and is still going on. Inflation in the country was high even before that, but it grew out of control after the government printed money to deal with a financial crisis. As of early 2020, the inflation rate was 15,00...
The ledger keeps track of who owns what, and this particular ledger happened to be orally distributed, which of course can only work in a small geography. By the time this was documented by Europeans, there were thousands of rai stones on Yap, representing centuries of quarrying, transporting...
leading economic actors to expect further expansions later on. Ultimately, a crack-up boom can cause a country to devalue its currency, leading economic actors to abandon the monetary system. Crises similar to a crack-up boom have already happened in countries like Argentina, Venezuela, and Germa...
There are two important indices that are essential starting points for understanding the larger context of what has happened in Venezuela in recent years. These are poverty, and household consumption. As can be seen in the charts below, both of these statistics have seen important changes over th...
Emerging bonds earned double-digit returns this year, shrugging off Venezuela's expected default, in a striking contrast to crises in Asia in 1997 or Turkey in 2001, shockwaves from which rippled through the developing world. Change has been building for a while. There was little conta...
Fiat money is tender not backed by a tangible asset or commodity like gold. It’s usually mandated by governments & leads to corrosive effects on society.
When he fell, he was on the phone, but the shooting happened quickly. So the bodyguard ran to the sniper's location, but the sniper had already planned everything with the gun: reaching the destination and beginning to shoot quickly. Maybe that's why I think the bodyguard actually missed...