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The Hyperinflation Cure Venezuela Won't Take

机译:委内瑞拉不会采取恶性通货膨胀疗法

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Inflation is so bad in Venezuela that the country will knock five zeros off the bolivar this month in a vain effort to restore its buying power. Is there any way to stop hyperinflation? Yes, actually. But President Nicolas Maduro almost certainly won't resort to it.The surefire weapon is the U.S. dollar. Maduro could replace the bolivar with the greenback. Venezuelans would turn in all their near-worthless national currency, which would be destroyed, exchanging it for dollars from the government's remaining stash at approximately today's unofficial exchange rate. That would end hoarding and restore incentives to save and invest.
机译:委内瑞拉的通货膨胀率如此之高,以至于该国本月将玻利瓦尔的税率降低了五个零,这是徒劳的努力,以恢复其购买力。有什么办法可以阻止恶性通货膨胀?是的,实际上。但是,总统尼古拉斯·马杜罗(Nicolas Maduro)几乎肯定不会诉诸于此。马杜罗可以用美元代替玻利瓦尔。委内瑞拉人将所有几乎一文不值的本国货币上交,将其摧毁,以大约今天的非官方汇率将其从政府的剩余储备中兑换成美元。这将结束ho积和恢复储蓄和投资的动机。

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