Venezuela Verifies Hayek on Exchange Controls
Foreign airlines have begun to restrict ticket sales in Venezuela. As the bolivars’ value evaporates, and with exchange controls in …
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Venezuela’s Plunging Petroleum Production
A hallmark of socialism and interventionism is failure. Venezuela is compelling proof of this, having spent the past half century …
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Friedman and Hanke on Bitcoin
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. …
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Bulgaria’s Currency Board versus Ukraine’s Chaos
When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, …
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Will Venezuela Be Next?
Last year, Nicholas Krus and I published a chapter, “World Hyperinflations”, in theRoutledge Handbook of Major Events in Economic History. …
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Raise Minimum Wage, Kill Jobs
During his State of the Union address, President Obama announced that he intended to raise minimum wages to $10.10/hour for …
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