Mises Wire

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%.

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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.

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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.

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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.

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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.

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Venezuela Turns to Barter

Global EconomyMoney and BanksMoney and Banking

Blog07/19/2018

As planned by Chavez, barter is indeed replacing currency transactions throughout the economy but with hardly the results the late socialist envisioned. 

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Voting with Our Feet? Local Government "Services" and the Supposed Tiebout Effect

Media and CultureStrategyU.S. History

06/18/2018Mises Daily Articles
Because they have guaranteed income through taxes, competition among political jurisdictions is not like competition among private firms.
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