Inflation is the disease and cancer that ravages the body of the economy, and the delay in taking solutions to it will make the possibility of solving any economic problem a real dilemma.
The Venezuela crisis is witnessing a mixture of many crises, the most prominent of which are many internal factors such as corruption and mismanagement, random printing of money and a decline in purchasing power. And many external factors, some related to the nature of the economy and the other political.
It's an extreme example of economic failure.
Yup, The problems that occur in Venezuela are not simple. The hyperinflation that occurred was not only a bad economic condition, but a very chaotic political condition. This is something that will not be easy to solve, even though any monetary and fiscal policies carried out by the government will not easily restore conditions to good because this is deeply rooted.