Here’s What Happens When You Let Crazy, Economically Ignorant Socialists Run the Show

Liberty News

Here’s What Happens When You Let Crazy, Economically Ignorant Socialists Run the Show

We could really learn a lesson from Venezuela, you know.

BBC:

More worrying is Venezuela’s apparent inability to get to grips with persistent inflation, which is now the highest in Latin America, reaching an annual rate of at least 27% in 2009.

Last week, yet again, Mr Chavez merely fuelled the inflationary spiral by raising the minimum wage to compensate workers for their loss of purchasing power.

At the same time, he has attempted to impose price controls which have largely failed to work.

Exito means “success” – but its French owners failed to please Mr Chavez

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