by Pater Tenebrarum, Acting-Man.com:
Why Not Use the Bolivar?
Shortages in Venezuela are piling up, as a result of the Glorious Revolution’s imposition of price controls. It is a lesson that governments apparently need to learn over and over again since at least the time of Roman emperor Diocletian. It is not only a lesson regarding the inevitable end result of price controls – it is also a lesson on a more profound level, namely: There are economic laws, and no government, no matter how powerful, can suspend them.
What is now apparently bringing the pot to boil over in Caracas is that the country has run out of toilet paper. The government’s comments on that embarrassing situation are truly hilarious.
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