There is a real simple way to cure inflation. In fact, it is the only way: stop borrowing money into circulation. Stop creating money from nothing whether it is by the issue of debt instruments or printing of paper currency. It is all borrowed and it is all from nothing.
It is worth noting that while Venezuela has a large amount of oil, it does not choose to use oil as an asset with which to create a reserve for its currency. In fact, not a single nation on earth has any hard asset that underpins its currency.
In fact, not a single nation on earth has any hard asset that underpins its currency.<<
true!...a race to -0- throughout history...ALL fiat goes to zero.....no exceptions
Wonder why Greenspan changed his mind? http://www.321gold.com/fed/greenspan/1966.html