Richard Murphy says:
August 21 2018 at 2:30 pm
I am not defending Venezuela
I never have
I am just saying it’s not in trouble because it printed money – the issue is much bigger
The issue is dollarisation and falling out with the source of the dollars more than anything else
Dollarisation happened after Chavez and Maduro destroyed confidence in the bolivar. Because they used MMT, obviously enough. Thus, without an economic time machine, dollarisation cannot be the cause of the problems with the bolivar, can it?