A FORESHADOWING FROM 2007 OF THE FATE OF THE VENEZUELAN ECONOMY. I posted here on February 17, 2007 about the price control policies of the Venezuelan government. The caption of the post was: “THERE IS NO SHORTAGE OF FOOD IN VENEZUELA.” The conclusion of the post was: “Of course, as pointed out here, shortages and price controls are two sides of the same coin.”
I note that Annalisa and Nick in their comments expressed amazement at the folly of the Venezuelan government.