Reporting Prices Is Now Economic Warfare

At least that’s what President Maduro, the rather hapless inheritor of the mess that is the economy in Venezuela under the Bolivarian socialist revolution, seems to think. For he’s arguing that people who simply report the prices at which things change hands are waging economic war upon the country and its economy. The actual point at issue is the black market exchange rate for the bolivar, the country’s currency. Given the, umm, excellence with which the economy has been managed that black market rate is well over an order of magnitude different from the official rate. And that, ahem, excellence with which the economy is being managed is such that the value has fallen another 25% in the last week alone. More…