The "admitted" inflation rate for Venezuela just for July 2011 is 2.7%. "Admitted" because it is the very manipulated official number. But let's accept it for the sake of the argument.
This being said, the TOTAL inflation of the following countries for 2010 was LESS than 2.7% for the whole year.
Austria, The Bahamas, Belgium, Benin (!?), Burkina Fasso (!!!), Canada, Chile, Czech Republic, El Salvador, Estonia, Finland, France, Germany, Israel, Italy, Latvia, Malaysia, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Senegal, Slovakia, Spain, Sweden, United States (plus a dozen small ones).
All sizes, shapes and conditions. It can be done. You draw your own conclusions.
Friday, August 05, 2011
4 comments:
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Daniel, I like the title of your post but I still prefer this one. BTW Venezuela is in good company.
ReplyDeletehttp://www.lewrockwell.com/orig11/clark-j29.1.html
Inflation may be high, but on the bright side, the PPP Index (popular purchasing power)is also on the rise, thanks to bribes, rampant corruption, theft and regalitos. It kinda evens it out.
ReplyDeleteWow! Charley!!Great post.I saved this one.A picture really often says more than a thousand words.
ReplyDeleteO/T -but- did anyone notice the
detention of Yulia Tymoshenko-formerUkraine PM?
Until the political situation in Vz changes -ie. removal of Chavez, the economy will be driven further into the ground.
ReplyDeleteThere is no entrepreneurship in Venezuela. Everyone is afraid to start a business, or invest, expand-this has been this way for long time now...