Mises Wire

Violence, Homesteading, and the Origins of Private Property

Philosophy and MethodologyPrivate Property

Blog10 hours ago

Even if we find that property was privatized by violence back in the mists of the past, it is not the slightest proof that the abolition of ownership is necessary, advisable, or morally justified.

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

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

05/30/2019Power & Market
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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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