Mises Wire
Author:
Daniel Fernández Méndez
Online Publish Date:
The country of Venezuela is dangerously approaching hyperinflation. At 2015’s year-end, official figures had yearly inflation at or above 180 percent ( some private sector sources estimated it at 330 percent ). The technical definition of hyperinflation is when inflation is at 50 percent or more per month, meaning that Venezuela is not yet at this