Venezuela’s has been hitby a wave of economic problems, with the two most pressing issues being thehigh inflation and the scarcity of goods. That being said, Venezuela always hadeconomic problems to begin with, in fact most of its economic problems areinterwoven, and are the result of the left-wing political ideology, Chavismo.And although the late president Hugo Chavez, did rebuild the country, he did soby inadvertently creating an economic bubble.So whats important tounderstand here is that president Maduro did not create but inherit the currenteconomic crisis from Chavez. Much like Obama inheriting the economic crisisfrom Bush in 2008. For example the inflation issue, which is the center of thecrisis, dates back all the way to the 1980s. The reason why its makingheadlines now is because since taking the presidency, Maduro’s administrationhas effectively doubled that number to 56% for 2013. But in truth this growthis out of the government’s hands, because they no longer have control over theongoing currency bubble in the country.