Caruzo – Take It from Venezuela: No, Inflation Is Not Good

Caruzo – Take It from Venezuela: No, Inflation Is Not Good


CARACAS — Inflation is a fearsome beast, and it’s plagued my country, Venezuela, for longer than I’ve existed.

While our tales and circumstances are quite different, now that Americans are facing it once more, it seems like a good time to send some words of warning from someone who has lived through the worst (and still ongoing) hyperinflationary spiral of modern times.

These words are intended to be a cautionary tale of just how bad inflation can become if unchecked, how it changed Venezuelan life for the worse, and where things could be headed. If a 6.2-percent inflation rate has rightfully flared up everyone’s alarms in the United States, then imagine how our life down here has been these years, when just in

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