this post was submitted on 23 Jul 2024
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I'm guessing both, so they get returns and still have an "oh shit" fund. I doubt it would be good for the oligarchs, at the very least.
Venezuela can do hyperinflation because they have a more ideologically driven elite who will ride out the turbulence. No such luck for Putin; he's a neofeudal lord and has to keep palms greased like it.