ACC Archives

Tag: Bolivar
Declaring war on common sense, Venezuela bans its own money

The whole place is economically dysfunctional. This is what happens when prices are restricted by the government and the totalitarians refuse to let in the light of the market. It’s really that simple fundamentally. It should be noted also that...

Want to get paid? Become a communist.

In light of the revelation that Hugo Chavez apparently left this world a billionaire, I found this video from Bloomberg interesting. In China, 90 members of the Chinese Communist Party have a net worth of $300 million or more.