Mises Wire

Venezuela: Radical Pro-Market Reform Is the Only Way

PovertyWorld History

Venezuelan politicians hoping to replace the current regime in Venezuela mostly offer just re-treads of the failed socialism the country has endured for decades.

Read More

Venezuela's Central Bank Admits the Country's Economy Is a Mess

05/30/2019Power & Market

Among the most striking of the statistics offered by the central bank was 2018's inflation rate of 130,060.2%.

Read More

Venezuela: Poster Child for Socialism

Financial MarketsGlobal EconomySocialism

Blog02/15/2019

Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.

Read More

Venezuela's Economic Collapse Was Enabled by its Central Bank

Money and BanksWorld History

Blog01/22/2019

The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.

Read More

Venezuela Didn't Need High Oil Prices to Prosper before Chavismo

Blog12/19/2018

In the era of relative market freedom, many of Venezuela's best years were during times of low oil prices. Trying to blame Venezuelan socialism's failure on oil prices only highlights how fragile economies are without markets.

Read More

Venezuela Has Hyperinflation. Now What?

Global EconomyMoney and BanksMoney and Banking

Blog11/15/2018

The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.

Read More
Shield icon wire