On a recent Tom Woods podcast it was mentioned that at the end of the 90s Venezuela was the most prosperous South American country. Incredible it could melt down so fast. The whole fallacy about the price of oil collapsing the economy was discussed as well. In the late 90s the price of oil was incredibly low yet the country was apparently doing well.
On a recent Tom Woods podcast it was mentioned that at the end of the 90s Venezuela was the most prosperous South American country. Incredible it could melt down so fast. The whole fallacy about the price of oil collapsing the economy was discussed as well. In the late 90s the price of oil was incredibly low yet the country was apparently doing well.
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