Dollarization

Is this a peaceful path out of Venezuela's failed experiment?  Or will Maduro start massacres to prevent the humiliation?

Never underestimate the power and value of functioning price signals.  Lies win for a time, but they can't last. As Oskar Matzerath said, "All's lost, but not forever. Poland's not lost forever."

3 comments:

Grim said...

That was Richard Fernandez's interpretation of the moves to cut foreign aid to those who vote against us at the UN -- a kind of price signal. Diplomacy may work better if virtue signals cost something.

Texan99 said...

Everything would work better if virtue signals cost something.

E Hines said...

But virtue signals do cost, a lot. It's just that the wrong folks are being charged.

Eric Hines