Mises Wire

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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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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