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Venezuela: Not Hyperinflating -- Yet

Steve H. Hanke | Posted 06.04.2015 | Business
Steve H. Hanke

If inflation moves much higher, the legacy of Hugo Chavez's Bolivarian Revolution will be that Venezuela joins the rather select hyperinflation club as the 57th member. Yes, there have only been 56 documented hyperinflations.

Venezuela's Inflation: Up, Up, and Away

Steve H. Hanke | Posted 05.29.2015 | Business
Steve H. Hanke

Like the 2009 Oscar award-winning Pixar film Up, Venezuela's annual inflation rate has soared sky high (see the attached chart). On December 31, 2014, Venezuela's bolivar traded at a VEF/USD rate of 171 and the implied annual inflation rate stood at 169%.

Venezuela: World's Highest Inflation Rate

Steve H. Hanke | Posted 05.27.2015 | Business
Steve H. Hanke

Venezuela's bolivar is collapsing. And as night follows day, Venezuela's annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%.

Venezuela: On the Death of Chávez and the Ailing Bolivar

Steve H. Hanke | Posted 05.12.2013 | World
Steve H. Hanke

How can Venezuela stave off a currency crisis and place its economy back on a solid monetary foundation? The solution is simple: replace the bolivar with the U.S. dollar.

Man Accused In 'Twilight' Mass Murder Plot Committed In '09

AP | HEATHER HOLLINGSWORTH | Posted 11.18.2012 | Crime

KANSAS CITY, Mo. -- A southwest Missouri man who confessed this week to plotting to shoot up a "Twilight" showing and a Walmart store was detained in ...

New Latin American Organization Aims To Strengthen Regional Integration

AP | CHRISTOPHER TOOTHAKER | Posted 02.01.2012 | World

CARACAS, Venezuela — South American independence hero Simon Bolivar once dreamed of unifying several nations as a counterweight to their powerfu...

Hugo Chavez Can't Kill Hope in Venezuela

Fernando Espuelas | Posted 05.25.2011 | World
Fernando Espuelas

With Sunday's election results, it is clear that President Hugo Chavez has been dealt a significant blow by the people of Venezuela.