Monday, January 18, 2010
Chavez is Taking It to New Lows
After committing the economic sin of devaluing his nation's currency, Chavez has seized a foreign-owned chain of grocery stores for defying his ban on price increases. This outright theft will scare away what few foreign investors may have been contemplating investing in Venezuela, a country that already faces 25% inflation and increased power outages. And good luck trying to remove him from office with an election.