Venezuela has run out of cash. Not metaphorically, mind you: The country literally doesn’t have enough cash to go around. Two weeks ago, facing an acute shortage of paper money, bank regulators capped cash withdrawals at 10,000 Venezuelan bolivars per day — about $5.25. As I write this, following an almighty rout on the black market, those same 10,000 bolivars are worth less than half that much: $2.17. (By the time you read this, the real number’s likely lower.) Stop and think about that: How on earth can a country work when the most cash anyone there is allowed to withdraw from their bank account in a day is two bucks and change? The […]