“The worst part of Venezuela’s tragedy is that it was so obviously predictable. Economists familiar with the work of Ludwig von Mises understood the necessary results of socialist policies. A sound money and freely floating prices provide a society with functioning markets that deliver the goods to the people. The market economy is true populism.”
Read more: http://www.independent.org/newsroom/article.asp?id=9070
Related posts:
Bill Bonner: What Do Bond Investors Know That Stock Investors Don’t?
Our American Dream Has Become The World's Nightmare.
The True Value of Bitcoin
Larken Rose: "It Can't Happen Here!"
Putin was wrong: The exceptionalism of the United States is alive and real
Fred Reed: The Eye of Sauron
The Evolution of Government
The Story of Kidnapped Costa Rican Internees in One of America's World War II Concentration Camps
Debt: Destroyer of Lives, Businesses, and Countries
William N. Grigg: Reich Here, Reich Now
The real story behind the demise of America's once-mighty streetcars
Will Grigg: "Ominous Threats" and Murderous Zeal
James Bovard: Bitter lessons 25 years after Waco, Texas, siege
“Why did you shoot me? I was reading a book”: The new warrior cop is out of control
The Voters Who Stayed Home