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JumpCrisscross on July 2, 2018 | parent | context | favorite | on: After the Fall: Ten Years After the Crash

> the greek central bank could have increased inflation and downvalued the Drachma

This only works for so long. There is a reason the Venezuelan and Argentinian model predictably hits the rocks after a few decades.

emodendroket on July 2, 2018 [–]

In Venezuela's case it has more to do with the price of oil

snowwindwaves on July 2, 2018 | [–]

And Nationalizing oil infrastructure and then failing to operate and maintain it properly.

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