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Venezuela’s tragic meltdown

Author

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  • Steve H. HANKE

    (Johns Hopkins University in Baltimore, USA)

Abstract

Mr. Chairman, thank you for this opportunity to express my views on “Venezuela’s Tragic Meltdown.” A great deal of the commentary on the topic is polemical, and more-or-less political and ideological self-justifications of one sort or another. In consequence, the discourse is often confused and confusing. In an attempt to bring some clarity to the topic, I will focus on the one necessary condition that must be satisfied before the Venezuelan economy can be turned around. Inflation must be stopped before stability can be established. Stability might not be everything, but everything is nothing without stability.

Suggested Citation

  • Steve H. HANKE, 2023. "Venezuela’s tragic meltdown," Turkish Economic Review, EconSciences Journals, vol. 10(1-2), pages 1-8, August.
    • Handle: RePEc:cvv:journ2:v:10:y:2023:i:1-2:p:1-8

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    References listed on IDEAS

    1. repec:ejw:journl:v:2:y:2005:i:2:p:234-278 is not listed on IDEAS
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    Keywords

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    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Systems; Standards; Regimes; Government and the Monetary System
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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