Written by: Aaditya Kumar Inflation is synonymous with increasing prices, but it also means a decrease in a currency’s purchasing power. Typically a country tries to keep inflation under 10%, but when adverse economic shocks hit, the rates can spiral out of control. A more extreme version of inflation, hyperinflation, is marked by inflation exceeding…
Tag: Venezuela
Venezuela and The Resource Curse
Written by: Aditi Poduri The political and economic crisis in Venezuela has been a subject of debate among Western political pundits recently, with many conservative voices pointing to the crisis as proof that socialist policies lead to ruin. These arguments are persuasive; President Hugo Chavez undertook costly social welfare programs, and his popularity among the…
American Response Weakens as Venezuelan Migrant Crisis Worsens
Written by: Eva Branson Every day, 5,000 Venezuelans flee their homes. Since 2014, the total number of Venezuelan citizens-turned-refugees has escalated to a staggering 2.3 million, or about 7% of Venezuela’s total population. These individuals are fleeing widespread hunger, excruciating economic deprivation, and mounting authoritarian repression. To date, the international community has contributed millions of…
Venezuela Drone Assassination Attempt
Written by: Adrian Douglas Arcoleo Venezuelan President Nicolás Maduro claims to have survived an assassination attempt by two explosive unmanned aerial systems. The alleged attempt occurred during a speech at a military event where government officials claimed two drones armed with explosives detonating in the air. Video of the speech shows the president and his…
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