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  1. Trump doesn’t have to drop a bomb; he can just drop the mike.

    With Venezuela’s Inflation Hitting a Million Percent, a Chavista Economist Gets Free-Market Religion
    American Thinker | December 17, 2018 | Monica Showalter

    In an article about Venezuela soaring past the million-percent inflation rate (usually, when you get to about 1,000 percent, or 70,000 percent, you pretty well know you have a problem), longtime Chavista apologist and leftwing economist Mark Weisbrot has called on the regime to adopt what’s generally known as a currency board. . . .

    “There are different ways to accomplish ERBS [exchange-rate-based stabilization programs]. The most extreme method would be dollarization, to adopt the dollar as Venezuela’s currency,” Weisbrot added in an essay sent to Newsweek. “The problem with this method is that once the dollar is adopted as the national currency, it becomes politically extremely difficult to get rid of. And if a country does not have its own currency, it gives up its control of most monetary policy as well as exchange rate policy.”

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