Mises Wire

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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Video: Wall Street and Central Bank Collusion

Money and Banks

Blog06/07/2018

In this 40-minute presentation, Nomi Prins explains the cronyism and secret dealings of central banks.

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Venezuela's New Cryptocurrency Is not Really "Backed by Oil"

Global Economy

Blog03/09/2018

If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity. 

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Venezuela Needs Monetary Freedom, and Soon

Money and BanksMoney and Banking

Blog02/08/2018
Venezuela is facing a crisis of immense proportions. A crucial first step in lessening the disaster is giving citizens choices in the money they use.
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Venezuela's Default Disaster

Global EconomyMoney and BanksMoney and Banking

Blog11/20/2017
In the end, the socialist promise of free money is very expensive for all. Let’s learn the lesson.
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Violence: How It's Different From Market Exchange

War and Foreign PolicyInterventionismPolitical Theory

Blog08/03/2017
Not all human action is truly voluntary in the marketplace. Violence can be used to distort and force a wide variety of relationship among human beings.
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Venezuela: Forty Years of Economic Decline

Corporate WelfareThe Police State

Blog05/17/2017

By the 1970s, the Venezuelan economy was in deep trouble. The half-hearted reforms that followed, paved the way for the rise of Hugo Chávez.

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Venezuela Before Chavez: A Prelude to Socialist Failure

Global EconomyPrivate Property

Blog05/04/2017
The roots of Venezuela's failed regime can be found even before Hugo Chávez took office.
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