The Venezuelan Crisis Is Due to Economic Ignorance

“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