Let’s start our analysis of Venezuela’s economic plight with two exhibits: Exhibit A is a chart of the market (free) exchange rate of the Venezuelan Bolivar and the U.S. dollar (USD), and Exhibit B is a chart of the USD.

‘It was nicknamed the “Fingerprints for Food” program, but it represented a dire new twist in the ongoing struggle for the socialist Venezuelan government to provide basic nourishment and products for its citizens. As reported by the Miami Herald in May 2014, President Nicolas Maduro ordered the implementation of biometrics to allow the government to […]

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