The situation of prices in Venezuela is due to several multifactorial elements, but in the precise case of expectations, businessmen and merchants, which are basically price fixing agents, will need to recover confidence in economic policy, that is, trust in the national currency, exchange rate and legal security, to adjust the costs to the real transactions of the goods and services, and thus, these economic agents, seeing an economic policy that generates confidence, will prefer to wait for results before proceeding to change prices. However, this optimistic scenario, so longed for by the inhabitants of Venezuela, does not seem very feasible in the short or medium term due to the political situation of the country, since the government is in itself the element of bar for the flow of trust and stop the malign and perverse speculation that occurs in Venezuela.

But is speculation really perverse or is it rather a stigmatized word?

When we resort to economic theory and different financial texts and postulates we can see that everyone agrees that thanks to speculation prices are stabilized, liquidity is increased to assets, uncertainty is reduced, the market becomes more dynamic and greater are generated sources of employment. In other words, speculation helps gauge the supply and demand of many goods beyond the short-medium term and contributes to the relative stability of economic life. The efficiency of the market increases thanks to the action of the speculators.

Yes this is really so, then, what is happening in Venezuela? The answer is not simple to elaborate and less to translate into a single paragraph. It is, on the contrary, an arduous subject that requires to continue being studied and researched and that surely will contribute sufficient material for more than one post dedicated to the subject