Lawrence McQuillan | Thursday June 14, 2018 at 12:00 PM PDT | Comments Off on Hey Millennials: Here’s the Truth About Socialism, Kim Jong-un, and Nicolás Maduro
A government powerful enough to give you everything you want is powerful enough to take away everything you have.
Tags: Alan Charles Kors, Bernie Sanders, Communism, Democratic Socialists of America, Fascism, Fidel Castro, human rights abuses, Joseph Stalin, Karl Marx, Kim Jong-un, Lenin, Marxism, Millennials, Nazism, New York Times, Nicolas Maduro, North Korea, Occupy Wall Street, Pol Pot, progressivism, Socialism, socialists, Stalin, starvation, statism, United Nations, Vatican, Venezuela, Vladimir Lenin
Alvaro Vargas Llosa | Tuesday March 14, 2017 at 9:32 AM PDT | Comments Off on Four Years after Chavez’s Death, Venezuela Sinks Deeper into the Abyss
Venezuela’s dictatorship has tried to turn the fourth anniversary of Hugo Chávez’s death into a mystical experience of sorts—and a dose of much-needed political oxygen. Not a simple task in a country with inflation predicted to run at 1,600 percent, an economic growth rate of negative ten percent, a painful shortage of the most...
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Tags: Hugo Chavez, Latin America, Nicolas Maduro, Venezuela
Abigail R. Hall | Wednesday January 11, 2017 at 8:45 AM PDT | Comments Off on More Money, More Problems: Venezuela’s Minimum Wage Won’t Help Inflation
It seems like Venezuela always provides great classroom examples for all the wrong reasons. I’ve written on this blog multiple times about the government of Venezuela and the polices it has enacted. I’ve argued that falling oil prices aren’t to blame for the country’s troubles and that the once-high oil prices only masked the underlying...
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Tags: Economics, Hungary, Hyper inflation, Inflation, Milton Friedman, Nicolas Maduro, Shortages, Venezuela, Weimar Republic
Abigail R. Hall | Thursday September 3, 2015 at 5:43 AM PDT | Comments Off on When Government Fails—Venezuela Edition
Whenever Venezuela comes up in the news the story is rarely good. From massive civil unrest, to rampant shortages, to hyper-inflation, to stories of squatters, the country is probably not on the top of many people’s “places I’d like to visit” list. While we may look at the situation in Venezuela and think, “wow,...
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Tags: Big Government, Economics, Inflation, Nicolas Maduro, price controls, Rent Controls, Shortages, Unintended Consequences, Venezuela