Instapundit » Blog Archive » COMMUNISM/SOCIALISM ALWAYS ENDS THIS WAY, AS THE COVERT LOOTING BECOMES OVERT: Venezuela’s Economic…: "As oil prices fell, the government inevitably ran into political trouble, which it has tried to manage with ill-considered economic interventions such as price controls. Shortages of basic household goods are common, and currency restrictions have sent the price of airline tickets soaring as Venezuelans resort to vacations as a way to get a hold of scarce foreign currency.
These restrictions tend to fall apart, creating the need for even more extreme measures.
Sooner or later, you run out of other people’s money. But hey, when Chavez died his family was somehow worth billions. Because he cared for the poor, you know.
Posted by Glenn Reynolds at 10:30 am"
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