What is the cause of inflation? Did Argentina and Venezuela not have out of control inflation?

[nec209]

What is the cause of inflation? Did Argentina and Venezuela not have out of control inflation?

I thought countries like Argentina and Venezuela had out of control inflation? What cause the inflation in Argentina and Venezuela.
 

I hear today there still high inflation in Argentina and Venezuela and it is not coming down but getting worse.
 

[exchemist]

38 minutes ago, nec209 said:

What is the cause of inflation? Did Argentina and Venezuela not have out of control inflation?

I thought countries like Argentina and Venezuela had out of control inflation? What cause the inflation in Argentina and Venezuela.
 

I hear today there still high inflation in Argentina and Venezuela and it is not coming down but getting worse.
 

This article gives you some background on the economic situation in Argentina: https://www.bbc.co.uk/news/articles/cm55yv0g0veo

The country has for a long time been spending beyond its means and printing money to finance that, while trying to maintain a fixed exchange rate with the US dollar. 

Venezuela is just disastrously badly run, with rampant corruption, inefficiency and capricious decisions by government. Pointless to try to analyse it rationally.

[swansont]

1 hour ago, nec209 said:

Did Argentina and Venezuela not have out of control inflation?

It’s expected that easily-found data should be looked by the person starting the inquiry. Expecting others to dig it up is lazy.

AFAICT Argentina has had pretty high inflation for several years. Go find the numbers.

 

[Externet]

What is the cause of inflation?  The ones that work little or nothing are always in opportunist mode to have it easy doing the least effort.  Not in work mode, that takes effort.   Politicians are experts in moving their tongues but never had a clue on how to reverse inflation.

[exchemist]

20 minutes ago, Externet said:

What is the cause of inflation?  The ones that work little or nothing are always in opportunist mode to have it easy doing the least effort.  Not in work mode, that takes effort.   Politicians are experts in moving their tongues but never had a clue on how to reverse inflation.

That's a bit too glib. Politicians have known for decades how to control inflation: Be aware if you are "printing money" and use the central bank interest rate to damp it out. Geoffrey Howe and Thatcher did that in the UK back in the early 80s. 

[DeepBlueSouth]

3 hours ago, swansont said:

It’s expected that easily-found data should be looked by the person starting the inquiry. Expecting others to dig it up is lazy.

AFAICT Argentina has had pretty high inflation for several years. Go find the numbers.

 

exactly, seems like some people start topics on here just to have the floor on something they wish to make a point on, and to establish the agenda of that post; under the guise of wanting to understand something better.

Edited yesterday at 10:29 PM by DeepBlueSouth

[John Cuthber]

Is inflation what happens when people start to realise that money is intrinsically worthless?