Venezuela’s Currency Has Had its Biggest Monthly Collapse
Venezuela&#x27;s problems stem from several issues, and there&#x27;s sufficient political invective about them that a clear discussion is difficult.<p>An earlier HN post addressed the question of Venezuela&#x27;s refusal to simply default on its loans, as another South American state, Argentina, did:  <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12057616" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12057616</a><p>In another earlier thread, I suggest strongly that the problems Venezuela is facing are far more characteristic of a failing end-stage oil state than of the inevitable failure of Communism, for which China and Vietnam offer possibly interesting counterexamples.<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12541955#12545819" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12541955#12545819</a>