This video from John Stossel asks if the United States can and should learn from this bad example.
The easy answer is yes.
Indeed, you can click here and here to get 56 examples of why we should not copy Venezuela’s descent to statism.
The main thing to understand is that the world is an economic laboratory and the various countries are experiments showing what works and what doesn’t work.
The main thing to understand is that the world is an economic laboratory and the various countries are experiments showing what works and what doesn’t work.
- Nations such as Venezuela clearly are wretched examples of what happens if there is a large amount of bad policy.
- Other nations, by contrast, are examples of what happens if there’s a medium level of bad policy. Think Greece, Argentina, and Italy.
- While countries such as the United States and Denmark show what happens if there is a (comparatively) modest amount of bad policy...Read all.
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