Revisit what you think you know, then read Rothbard, Hayek, Hazlitt and Mises or just explore on your own.
HuffPo, Al Jazeera, The Guardian, The LA Times, The New York Times, and even the BBC are either ignorant of basic economic principles or they’re trying to disguise this issue to prevent riots in their own countries. A Freshman ECON major could tell you what’s going on in Venezuela.
TWO WORDS: PRICE CONTROLS.
Below, just three pictures of the current crisis in Venezuela.