Thursday, June 30, 2016

Venezuela Should Abolish Its Worthless Currency: Steve H. Hanke

The country has been destroyed by Chavismo.

With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper and Nicolás Maduro assumed Chávez’s mantle. Chavismo has not been confined to Venezuela, however. A form of it has been adopted by Rafael Correa – a leftist economist who became president of…

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