Mises Wire

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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Venezuela’s March Toward Default

Global EconomyPolitical Theory

Blog01/04/2017

With gold reserves shrinking, and a collapsing currency, it is only a matter of time until Venezuela defaults on its foreign debt

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