Thu, 27 July 2017
While Venezuelans starve, their food imports from other countries are down 61%! The answer for this paradox only takes understanding some basic economics.
The crisis in Venezuela continues to get worse. On January 1st 2017, $1=$3,000 Bolivars, today $1=$8,000 bolivars. The inflation keeps getting worse and experts are now projecting over 2,000% inflation in 2018! The government keeps trying to seize more control to “fix” the economy. The insanity in Venezuela could easily be fixed if people only understood the government always makes matters worse and they never can help you! The free market and the private sector and embracing capitalism is the only way out!