When Hugo Chavez Battles Supply and Demand Curves, Guess What Happens?

by Dan Mitchell | Apr 30, 2012 | Big Government, Blogs

Haiti may be the poorest nation in the Americas. Cuba may have the dictator with the longest lifespan. But Venezuela arguably has the worst government. Not the clownish dictator, Hugo Chavez, is trying to repeal the laws of economics. How’s that working out for him?...

In One Chart, Everything You Wanted to Know about the Relationship Between Good Policy and Economic Prosperity

by Dan Mitchell | Mar 28, 2011 | Blogs, Economic Growth, Economics

Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively...