Between Inflation, Devaluation and Dollarization: Venezuelans Live Their GDP Day by Day

Efecto Cocuyo

Lean Left

Factuality

Ownership

Many Venezuelans say they do not understand macroeconomics, but without knowing it they accumulate an important learning curve with inflation, devaluation, currency controls, scarcity, remittances, dollarization and credit restrictions that they have lived in recent decades, “which means, in a sense, that they have learned from macroeconomics from experience.” This approach by economist Ana Isabel Belmonte brings this indicator closer to family …