Among Venezuela's problems are crumbling infrastructure, persistent shortages of food and medicine, and double-digit inflation.
There is no Paul Volcker in charge of stopping deflation as he slaughtered double-digit inflation with murderously high interest rates.
The regime is now plagued by double-digit inflation, a massive flight of capital, and unprecedented levels of unemployment.
Of course, it does not take double-digit inflation to prod businesses into cutting costs and improving efficiency and quality.
Venezuelans are afflicted by chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages, and rampant crime.
In the 1970s that kind of depreciation was accompanied by double-digit inflation.
The government blames hoarding, while the opposition points at the price controls imposed by Chavez in an attempt to bring down double-digit inflation.
Turkey, after all, has muddled along with double-digit inflation, big budget deficits and see-sawing markets for the better part of the past 20 years.
In fact what you would need was something close to double-digit inflation for a couple of years: an inflation "shock" that really gets you started.
Ronald Reagan faced a worse economy than Obama did, because there was double-digit unemployment, double-digit inflation, double-digit mortgage rates and chronic shortages that disrupted businesses and consumers alike.
While the situation was different back then, with double-digit inflation and geopolitical events fueling massive volatility (the Iranian hostage crisis and the Soviet invasion of Afghanistan were among the topics de jour).
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Remember, however, that the 1970s saw double-digit inflation.
People are fed up with chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages and rampant crime that has given Venezuela among the world's highest homicide and kidnapping rates.
Two decades ago, Democratic President Jimmy Carter named Paul Volcker as Fed chairman, ushering in an era of stern interest-rate policies that extinguished double-digit inflation at what was initially a high cost for economic growth.
Furthermore, Wilson, the only president with a doctorate, tried to use the newly created Federal Reserve system and an elastic money supply to keep inflation in check, but the U.S. still saw double-digit inflation from 1917 to 1920.
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The report coincided with a withdrawal of deposits and investments from the UAE by speculative investors who had previously been betting that local currencies would shoot up as Gulf states let go of their dollar pegs to deal with double-digit inflation.
Venezuelans are afflicted by chronic power outages, crumbling infrastructure, unfinished public works projects, double-digit inflation, food and medicine shortages, and rampant crime one of the world's highest homicide and kidnapping rates that the opposition said worsened after Chavez disappeared to Cuba in December for what would be his final surgery.
Double-digit house price inflation has been caused by a combination of low interest rates, relatively high disposable household income and the popularity of property as an investment when stock markets have performed poorly.
So far, his soft measures have kept the economy growing at double-digit rates while keeping inflation from getting out of control.
While her government reduced annual inflation from the double-digit figures of the 1970s, it was only in the 1990s that inflation came under control.
The Teamsters and United Auto Workers stood too powerful, creating wage inflation approaching double-digit percentage annual leaps.
At that point, Paul Volcker, then the Federal Reserve chairman and now an advisor to President-elect Barack Obama, successfully brought down inflation, allowing investors to lock in double-digit Treasury yields.
Watch as Argentinean-style capital flight and double digit inflation become the lead story of his second term.
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Inflation was at double-digit rates and nobody wanted to hold the dollar.
Before that there were 13 rate increases between March 2010 and October 2011 to control inflation which touched a double-digit level in September 2011.
However, consumer inflation continues to rise at double-digit rates, complicating the RBI's policy decision.
As for China, there are as many analysts predicting continued double-digit growth as there are anticipating a significant, inflation-fueled slowdown.
The first is inflation, coursing through some economies at close to double-digit percentages.
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