Wartime economic dislocations, without a war
I couldn’t get the chart itself, but The blurb under Monday’s Bloomberg Chart of the Day tells its own story:
The bolivar is one of only five currencies that have lost more than 90 percent of their value since Chavez took office in February 1999, according to data compiled by Bloomberg. The four other countries — Iraq, Myanmar, Democratic Republic of Congo and Uzbekistan — have been mired in war or dictatorship.
The scary thing is that even then, the bolivar is still evidently overvalued!
[Hat tip: Hutton.]
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