Venezuela’s economic descent (Updated)

This episode of The Indicator from Planet Money discusses the economic situation in Venezuela, providing background on its decline under Hugo Chavez and Nicolás Maduro, including hyperinflation and a large refugee outflow. It features an economist, Gabriela Sade, who describes the shift towards de facto dollarization and the easing of shortages due to loosened import restrictions, alongside worsening inequality. The episode concludes with an update from Gabriela in Caracas following a U.S. military strike, detailing the immediate aftermath and President Trump's statement on the U.S. taking control for a transition.