Sunday, September 10, 2017

Venezuela's Maduro Flunks His Economic Literacy Test

Forget Maduro's rhetoric: “Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar.” Without the adoption of a currency board (or dollarization), Venezuela will continue to be in the grip of an economic death spiral.

from Forbes Real Time https://www.forbes.com/sites/stevehanke/2017/09/10/venezuelas-maduro-flunks-his-economic-literacy-test/
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