Tuesday, March 25, 2008

Chavismo economic policies: a perfect symbol

This beginning of year, after the currency change to BsF., we have been under the aggression of diverse governmental measures that are supposed to lower inflation, stimulate job creation and all sorts of other things that under the last 9 years the government has demonstrated its utter incompetence in creating outside the direct spreading of oil revenue. With new luminaries like El Troudi in charge, needless to say that no one is holding its breath awaiting success, in particular when one of the first measures is to change the way inflation is measured....

Anyway, if the value of currency is the golden standard by which any macro economic policies are judged, then today Rayma cartoon says it all.

-The end-

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