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Venezuela’s tragic meltdown

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  • Steve HANKE

    (Co-Dirctor of the Johns Hopkins Institute for Applie d Economics , Global Health, and the Study of Business Enterprise, The Johns Hopkins University, Baltimore , Maryland,USA.)

Abstract

Mr. Chairman, thank you for this opportunity to express my views on “Venezuela’s Tragic Meltdown.†A great deal of the commentary on the topic is polemical, and more-or-less political and ideological self-justifications of one sort or another. In consequence, the discourse is often confused and confusing. In an attempt to bring some clarity to the topic, I will focus on the one necessary condition that must be satisfied before the Venezuelan economy can be turned around. Inflation must be stopped before stability can be established. Stability might not be everything, but everything is nothing without stability.

Suggested Citation

  • Steve HANKE, 2025. "Venezuela’s tragic meltdown," Journal of Economics and Political Economy, EconSciences Journals, vol. 12(1), pages 40-47, March.
    • Handle: RePEc:cvv:journ1:v:12:y:2025:i:1:p:40-47
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    1. repec:ejw:journl:v:2:y:2005:i:2:p:234-278 is not listed on IDEAS
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    Keywords

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    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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