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/biz/ - Business & Finance


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51166419 No.51166419 [Reply] [Original]

Why didn't Zimbabwe and Venezuela just force their country into a recession to prevent hyperinflation?

>> No.51166445
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51166445

>>51166419
Amerimutt education strikes again.

>> No.51166469

>>51166445
i need answers

>> No.51166521

>>51166419
Because they're not as smart as the FED

>> No.51166532

>>51166419
Because a recession won't prevent it, only delay until someone else is in office to leave holding the bag.

>> No.51166540

>>51166469
Because every country that is not America doesn't have the world's reserve currency under their control.

Its the reason why there is a huge bull market on the US dollar when we are in a bear market.

>> No.51166649

>>51166419
Zimbabwe went into hyperinflation due to the sheer retardation of Mugabenomics. If Mugabe had been economically literate, he would've been able to avoid the level of hyperinflation that Zimbabwe experienced.
Venezuela on the other hand went into hyperinflation because of more complex factors. Their bad economic policies had put themselves in a situation where hyperinflation was really the only option.
The only nation I can think if that was able to stop hyperinflation by simply turning off the printer was Austria after WWI. Everywhere else that has gone into hyperinflation has had various factors that forced them to keep printing (debt obligations, retarded leaders, etc.).

>> No.51166765

>>51166649
you didn't answer the question OP had

>> No.51166880

wen answers? people

>> No.51166972
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51166972

>>51166765
why are you referring to yourself in the third person? anyways they and >>51166540 did answer, you're just retarded

>> No.51167104
File: 67 KB, 341x452, 1654024231854.png [View same] [iqdb] [saucenao] [google]
51167104

>>51166419
>Why
niggers that's why.

>> No.51169180

>>51166419
They absolutely did lol. The problem was they were shutting down businesses and were producing nothing of value as a nation.