Maduro Hands Venezuela's Economy to Socialist Inflation Denier
- President names 39-year-old professor as economy minister
- Shake-up follows government's loss of congressional control
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Venezuela’s President Nicolas Maduro named new economy and finance ministers, appointing a man who has blamed the world’s fastest inflation on the country’s “parasitic” business class in a move that will heighten tension with the new opposition-dominated congress.
Luis Salas, a 39-year-old university professor, became the head of a new productive economy ministry that will coordinate economic plans, Maduro said late Wednesday. In a economic pamphlet published last year, Salas argued that inflation does not exist “in real life” and was rather a phenomenon caused by speculation, usury and hoarding.