Javier Escobal shares his thoughts in a Venezuelan newspaper about the origins, impact and actions to counteract hyperinflation
The Venezuelan newspaper El Nacional analyzes how the stabilization programs of Latin American countries such as Peru were achieved and what sacrifices they made to overcome the hyperinflation that Venezuela faces today. Our senior researcher, Javier Escobal, shares his thoughts about its origins, impact and actions to counteract this phenomenon: “All the hyperinflations around the world have holded up when the monetary authority stops financing the public sector deficit, and this manages to balance its income. The adjustment is painful? Yes, it is, but more painful is to continue transferring wealth from the poor to the rich through this tax called inflation.
