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Venezuela's Grim Reaper: A Current Inflation Measurement - Current Annual Rate 2977%

Venezuela's Grim Reaper: A Current Inflation Measurement - Current Annual Rate 2977%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. 

Future Of Digital Currencies: Former Buba Head & The FT Get Horribly Muddled

Future Of Digital Currencies: Former Buba Head & The FT Get Horribly Muddled

Of all people…

The former head of the conservative Bundesbank believes that central banks need to embrace digital currencies and he’s concerned that they’re being left behind. This might be interesting, we thought. Axel Weber has been talking to the FT but, it turns out, he hasn’t shaken off his bureaucratic roots since he took on the Chairmanship of UBS. Instead of embracing Bitcoin, Ethereum, decentralisation and private enterprise, Weber thinks central banks, and the likes of UBS, will benefit from creating their own versions. According to the FT.

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