/  Posts tagged "Venezuela"

In politics, it’s easy to make un-fact-checked claims about the economics of foreign countries (like Venezuela), faraway states, and everything in between. The logic is sound: if socialism, or neo-liberalism, or capitalism are working (or failing) elsewhere, it will do

Well, we heard it again! This time from Cenk Uygur: “When taxes are higher it winds up being better for the economy … because it recirculates the money.” This is a variant of Keynesian multiplier argument that when government spends a dollar,

Recently, Socialist Governor Francisco Rangel of Bolívar, Venezuela, stated that in face of hard economic times, the country may have to resort to eating sticks and stones before welcoming a free market. Despite food shortages and hyperinflation, the socialist regime

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