Inflation, that untamable beast, also from Tal Cual
What is not going at the speed of a tortoise is inflation
In May it made a jump with a pole vault and placed itself at 2.5% so
that, annualized, from May to May, it is above 17%. There is no country in the
world that has such a level of inflation. It may seem unreal, but once again we
have a Government that believes that macroeconomics is a neoliberal invention.
It may also seem unreal that fifteen
consecutive years, before Chávez, with inflation above 30%, have left no lesson
and the Government seems engaged in repeating the same usual errors. They think
that price and exchange controls are sufficient, but the cost of living is
running, is escaping from them. With an inflationary rhythm of this magnitude
there is no Mercal which can counteract it nor public finances that can indefinitely
tolerate the food subsidies. A country with two budgets, one public, approved
by Parliament, another parallel, managed in the shadows, at the margin of any
controls, of unknown amounts, which transforms into a mystery the real amount
of the fiscal deficit, the uncontrolled indebtness and the constant
manufacturing of inorganic money by the Central Bank, transformed, against the
Constitution and the Law in the financier of the Government , an exchange
control which is destroying the country’s industries, all of this has to be
paid sooner or later. You pay it with a delay, in unemployment and informal
employment, to sum up, in misery.
The Devil's Excrement 
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