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When Hugo Chavez Battles Supply and Demand Curves, Guess What Happens?

David904 Wrote: May 04, 2012 1:28 AM
So! Long lines for basics, like toilet paper? Makes one feel nostalgic for the late, beloved Soviet Union, where EVERYTHING required waiting on long lines.

Haiti may be the poorest nation in the Americas. Cuba may have the dictator with the longest lifespan. But Venezuela arguably has the worst government.

Not the clownish dictator, Hugo Chavez, is trying to repeal the laws of economics. How’s that working out for him?

Well, here’s some of what the New York Times wrote.

By 6:30 a.m., a full hour and a half before the store would open, about two dozen people were already in line. They waited patiently, not for the latest iPhone, but for something far more basic: groceries. …Venezuela is one of the world’s top...

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