Surviving hyperinflation in Venezuela
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Channel: FRANCE 24 English
Views: 204,928
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Keywords: Venezuela, Economic crisis, inflation, Nicolas Maduro, poverty, currencies, FOCUS, france24, news
Id: wvidH7HuClE
Channel Id: undefined
Length: 6min 19sec (379 seconds)
Published: Mon Aug 20 2018
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.
Damn, I searched on Google 1400 VEF is like 140$ for a tshirt? That a expensive one
It is easy to conflate money with fiat money. Fiat money is a form of money where inflation is useful as it allows for governments to stimulate the economy and respond to economic events. That is not the case for money as inflation hurts one of the core functions of money, to act as a store of value and maintain purchasing power.
This is more extensively covered as a misconception here:
https://nano.community/introduction/misconceptions
I also think this would be helpful:
https://nano.community/introduction/why-it-matters
I turned off my looping Tron soundtrack to watch this, thank you for sharing it with us.