I wonder why there's inflation in Venezuela, and not e.g. in the EU or the US. In particular, how is the printing of money by Venezuela different from the printing that goes on in the West (Quantitative Easing).
I guess the only difference is that in the West, the money goes mostly to the banks, which distribute it to the companies or invest it in the stock market and real estate. Consequently, the rich get richer and the poor don't see any of this money.
But I can't see why the situation in Venezuela would be any different. I can't imagine the printed money reaches poor people - I mean, the recipients are most likely big companies and people close to the governments, the elite, exactly the same as in the US.
I guess the only difference is that in the West, the money goes mostly to the banks, which distribute it to the companies or invest it in the stock market and real estate. Consequently, the rich get richer and the poor don't see any of this money.
But I can't see why the situation in Venezuela would be any different. I can't imagine the printed money reaches poor people - I mean, the recipients are most likely big companies and people close to the governments, the elite, exactly the same as in the US.