80,000 tons of rotting food sitting in Venezuelan state warehouses.
Source link: http://archive.mises.org/13015/the-fruits-of-nationalization/
The Ludwig von Mises Institute
Tu Ne Cede Malis
Advancing the Scholarship of Liberty in the Tradition of the Austrian School
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¡viva la democracia!
http://www.youtube.com/watch?v=SD1TS6ohfu4
Zimbabwe re-run.
Ego-driven intervention to say the least!
Venezuela is poised for recovery, am I right?
Hey, how about offering him a free scholarship to LVMI, sounds like he could use it!
Huerta de Soto could teach Hugo Chavez. They share the same language.
What are you trying to do, get Dr. de Soto killed?
Mamma mia! I was just trying to be helpful no? After all Hugo Chavez is just stupid, not evil.
Not surprising.
Stands back from the keyboard in amazement! Thknsa!
Venezuela and Zimbabwe, the modern case studies for centrally planned economies.
eerily prescient
atlantisvenezuelanews.blogspot.com/
I lived in Venezuela 15 years ago when the currency was worth over 8 times (the exact figure is hard to get do to restrictions on publication of black-market rates) what it’s worth now. And just 8 years before I got there it was worth a thousand to two thousand times what it’s worth now (with adjustment for the 1,000-fold revaluation of the new “strong bolivar”). Venezuela’s problem is simple: government intervention in the form of fraudulent red tape (thank goodness that bribes let some legitimate business continue), price controls, and devaluation of the currency. Perhaps they’re just running about a quarter-century ahead of the US.
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