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.

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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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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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