Things Worth Noting
Venezuela’s economy has suffered one of the worst peacetime collapses in history. Since 2013, the bolívar has lost over 99.99% of its value due to hyperinflation, leading to multiple currency redenominations that removed 14 zeros total, creating the bolívar soberano and later the bolívar digital. GDP has shrunk by about 75-80%, mainly from oil mismanagement […]
The Federal Reserve, or “the Fed,” is the central bank of the United States. It was established in 1913 to provide a more stable and flexible monetary and financial system. The Fed is responsible for setting monetary policy to promote economic growth, stabilize prices, and maintain full employment. It uses tools such as open market […]