While most nations are struggling mightily with how to boost inflation from microscopic levels, Venezuela has more than enough. This year, Venezuelan inflation is expected to reach 500%, and in 2017, a terrifying 1,650%. Declining oil prices alone hurt, but gross economic and financial mismanagement are primarily to blame. GDP is expected to decline 8% more this year. What’s going on in Venezuela is a self-induced politico-economic tragedy.