Why can't all these countries with skyrocketing inflation just follow what the US fed does????? Why can't they just take the exact fed policies we have in the US and apply them to their markets? I mean it's a win win win win.
The US prints trillions and trillions more than any other country and we have only 1 to 2% inflation rates. It's so magically great how the fed can keep everything so perfect.
Venezuela inflation...
Along with January's figures, the BCV also published figures for the final three months of 2020, which saw inflation reverse its near-two-year downtrend and spike from 1,937% in October to December's 2,960% reading, which was the highest rate since January 2020.
It is called being the reserve currency. That is why. Not sure if you want to know the answer though