Hugo's Ghost
Chavista Shortages, Explained
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  • qet

    This confused me more rather than less. And I wonder what could be the point of accumulating all those bolivars in a country with less and less to spend them on.

    • mesquito

      If you bribe the right person you can exchange them for dollars at a fantastic rate.

      • John Stephens

        But who would be fool enough to take bribes in Bolivars?

        • mesquito

          Everyone knows that you pay third world bribes in dollars, silly.

    • Jim__L


  • Jacksonian_Libertarian

    This is what happens in a Socialist or Communist country when the Government tries to overrule the Law of Supply and Demand. When the Government sets below market prices for a product like toilet paper or health care, the Demand for those products becomes infinite, and the Supply can never be enough and so the product vanishes from the market. This is why socialized medicine is characterized by long lines and wait times, poor quality, and even worse service. “There is no such thing as a free lunch”

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