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Thursday, March 30, 2017

On Venezuela's Death Spiral

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With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper, and Nicolás Maduro assumed Chávez’ mantle. The Grim Reaper has also taken scythe to the Venezuelan bolivar. A bolivar is worthless.

March 30, 2017 at 08:50PM

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from Steve Hanke, Contributor

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