Venezuelan Reforms Are Eye-wash

Fox Business reports that Venezuela implements major economic changes – will they work?

Here is one of those headlines that ask a question, and the answer seems clearly a No, because the problem President Maduro is addressing is not that there is no inherent value backing the bolívar, but that the numbers on the price tags are too high.

One reform shouldn’t be too damaging:

Maduro said Sunday that beginning Sept. 1, the minimum wage will be hiked more than 3,000% to around $30, the widely used black market rate.

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The Rotten Fruits of Socialism

Ah yes, they’re at it again.  Venezuela isn’t real socialism.  North Korea isn’t real socialism.  Cuba isn’t real socialism.  In fact anywhere that’s tried socialism wasn’t an example of real socialism, and its results cannot be held as evidence against socialism.  Those shortages, that inflation, that impoverishment – none of it counts against socialism, not even the riots, the beatings, the intimidation by street thugs, the prison camps and the murders.  They are all terrible things, but none of them are admitted as consequences of socialism.

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