Venezuela – A Case Of Socialist-Organized Theft

“The mistake that many make is to think that this wreck has been caused by a combination of incompetence and folly. And they are wrong. The Venezuelan socialist regime has carried out the largest organized robbery in history and has done so with a perfectly designed plan.

The plan was always to expropriate the wealth of the whole country for the benefit of a few political leaders through plundering, destruction of currency and decapitalizacón of the state oil company

What has happened to Venezuela is not a disaster or a coincidence, it is socialism.

The result of this organized robbery? More than 300 billion US dollars stolen, according to the National Assembly, a devastated economy and massive poverty. Textbook socialism, same results as always.”


Daniel Lacalle on the Central Bank Tightrope—Mises Weekends


Book: Escape from the Central Bank Trap: How to Escape From the $20 Trillion Monetary Expansion Unharmed