Man I miss the ability to post charts and screenshots.
Well this one will show you that in Bolivia they have been printing money much faster than the underlying economy grew,
(money growth ~7.2% per year)
and have been doing so for a decade.
Cons and libs etc. may argue about which kind of economy can get away with that for how long, but I think we all know,
if a weak economy, like Bolivia
increases money supply too fast for too long,
the result will be big inflation.
From the article:
Bolivia Inflation Soars to 34-Year High Ahead of August Election
Consumer prices rose 24% in June from a year earlier, the National Statistics Institute said Wednesday. That’s a big shock in a country that as recently as two years ago had slower inflation than Germany and Japan.
Prices rose 5.2% from a month earlier.
With six weeks to go until presidential and congressional elections, daily protests are roiling the nation . . . .
I had to read that “5.2%” figure numerous times to figure out they meant over the MONTH. Prior to that realization I thought we were worked up about 5.2% inflation🤣.
Good rule: it will be higher next month. And the one after that. They probably should learn from their own experience in the 80’s or their neighbor’s experience… well… over and over.
If I was one of the parties in that election I might decide to throw it on purpose and try again next time.
There is a chart at the article
showing bolivina inflation has been tame (under 5%) year after year for a decade
(despite 7+% annual money growth)
https://www.bloomberg.com/news/articles/2025-07-02/bolivia-inflation-soars-to-34-year-high-ahead-of-august-election
Judging by the chart, for 9 years nothing happened and then
something popped the balloon
