Tried and Tried Again

by baldilocks Last day filling in for Fausta. Still waiting for Former President Obama, actors Danny Glover and Sean Penn or director Oliver Stone to comment on the downfall of Venezuela. Breath not being held. Venezuela's currency, the bolivar, is disintegrating at an incredible pace under the country's political and economic crisis that has left … Continue reading Tried and Tried Again

Socialism and Distraction

by baldilocks From Reuters: Venezuelan activists are increasingly posting details of locations and lifestyles of leftist officials and their families, depicting them as thriving off corruption while the population struggles to eat in a devastating economic crisis. The social media blitzes, targeting officials and their business partners, relatives and even lovers, are another weapon in … Continue reading Socialism and Distraction

Chains of the Foolish

by baldilocks Even after seeing the process of how certain actions lead to certain results and seeing this simple reality present itself over and over again, there are still millions of people who are surprised at how far into the abyss Venezuela has fallen, with socialism acting as chauffeur. Washington Post: Venezuela has become a … Continue reading Chains of the Foolish

Venezuela: Crackdown time

An update on Venezuela by Fausta Rodriguez Wertz: The country, well into Communism by now, continues its descent into chaos. Nine senior government officials, including military officers, one diplomat and pro-government politicians, are in the most recent U.S. government's list of active drug kingpins and terrorists, the Specially Designated Nationals List (SDN). Price controls wreck … Continue reading Venezuela: Crackdown time

Milton Friedman and the Sahara, Caracas and water

by Fausta Rodriguez Wertz Back in the day, Milton Friedman said,“If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand.”The U.S. federal government is not in charge of the Sahara, but the Venezuelan government is in charge of the country's water supply. Small wonder … Continue reading Milton Friedman and the Sahara, Caracas and water

Venezuela: Misery and missiles

by Fausta Rodriguez Wertz Johns Hopkins economics professor Steve Hanke has been looking at the old misery index, that is, a simple sum of inflation, lending rates, and unemployment rates, minus year-on-year per capita GDP growth, and Venezuela's on top: When measured by the misery index, Venezuela holds the ignominious top spot, with an index … Continue reading Venezuela: Misery and missiles

Venezuela: The Left vs. reality

by Fausta Rodríguez Wertz Lefties firmly believe the deceased Hugo Chavez "improved the economy drastically and ameliorated poverty drastically" because GDP went up, and fewer people were living below the poverty line by the time he died last year. The numbers are there: GDP did go up, and yes, fewer people were listed as living … Continue reading Venezuela: The Left vs. reality

Biden goes to Chile

by Fausta Rodríguez Wertz Vice-president Joe Biden was in Chile for the presidential inauguration of Michelle Bachelet. Bachelet previously served as President from 2006–2010, but could not serve two consecutive terms, so she ran, and won this second term. Bachelet has already proposed increasing corporate taxes and closing tax loopholes to sponsor a system of … Continue reading Biden goes to Chile

Venezuela: “Don’t you get weary!”

by Fausta Rodríguez Wertz “He who tires, loses.” Venezuela is at a crossroads. For over two weeks, the people have been protesting against the government. What started as a students' protest has spread throughout the country - even the beauty queens are protesting. Why? The protests accompany inflation officially at 56% (but likely much, much … Continue reading Venezuela: “Don’t you get weary!”