Great Strides Have Been Made Combating Price Gougers in Venzuela
Michael Giberson Venezuela “President” Hugo Chávez has put his government strongly behind efforts to combat price gouging, which in this context means selling a good for more than the government’s permitted price. The policy has had the usual effects: shortages of ordinary consumer goods and queues reminiscent of Soviet-style communism. The New York Times reports, …
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