Venezuela Prints Bigger Notes to Battle Inflation

By Silvio Canto, Jr.

Not long ago, the Venezuelan bolivar was a pretty stable currency. I remember something like one dollar equaled five Bolivares.  I also remember that it was at that rate for quite some time. "No mas" as Roberto Duran said while boxing Sugar Ray Leonard. The Maduro government has decided to play the inflation game by simply printing more bills, as we see in the New York Times:..........Read more