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President Nicolás Maduro branded Mr Hausmann a "financial hitman" and threatened him with prosecution.Another Venezuelan economist, Francisco Rodríguez of Bank of America Merrill Lynch, thinks that scarcities of basic goods stem from the government's refusal to adopt sensible exchange-rate policies.
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A government indicator that measures the scarcity of basic goods is close to its highest level in more than five years.
Hyperinflation has rendered the salaries of teachers, doctors and working people virtually worthless, and the widespread scarcity of basic goods, from food to medicines, has led to terrible hardships.
He points out that Mr Maduro's acting presidency has seen a big devaluation, the rising scarcity of basic goods, a continuing increase in violent crime and lengthy power cuts.
Now the scarcity of basic goods, including salt in parts of the country, has sparked hyperinflation.
The country has recently witnessed scarcity of basic goods such as toilet paper, detergents, wheat and corn flour.
Beyond an annual inflation rate of 68% last year, scarcity of basic goods and insecurity have escalated, a problem that neither Chavez or Maduro have been able to tackle.
Often it's through the scarcity of basic goods.
This insecurity and scarcity of basic goods fueled an outbreak of violent protest in 2014, which resulted in 43 deaths and more than 3,000 arrests.
In Caracas, the future of Chávez protégé Nicolás Maduro remains unclear amidst plunging world oil prices, rampant inflation, power shortages and scarcity of basic goods.
Venezuela has the highest inflation rate and the second highest murder rate in the world and a scarcity of basic goods and medicine only conceivable during war.
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