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Emiliana Disilvestro

Venezuela’s Bizarre System of Exchange Rates

Mises Wire

Author: Emiliana Disilvestro David Howden

Online Publish Date: January 7, 2016

Venezuela is currently going through its worst crisis in history, replete with an endless list of interesting problems. Foremost among these are severe shortages in even the most basic of necessities. Economists have used these shortages as textbook examples to illustrate the pernicious effects of price controls. Few people, however, are aware

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