Something that we might ask Young Owen to explain. Or any of the other fools who praised Bolivarian socialism along the way like Mark Weisbrot. Why has the economy of the place subject to this new and incisive form of socialism fallen apart?
In short, what the hell happened here?
Venezuela's annual inflation rate is 4651%, a new record high. pic.twitter.com/K2MD2WBRr4
— Prof. Steve Hanke (@steve_hanke) December 21, 2017
Answers on a postcard to Momentum.