Venezuela’s love affair with socialism is a walking nightmare, as crushing price inflation destroys the middle class. by Joey Clark Not so long ago, a Venezuelan governor remarked that his people were capable of eating sticks and rocks before giving into the evil capitalist pigs trying to bring down Venezuela’s socialist revolution. Well, the way things…
Once Latin America’s richest country, present-day Venezuela has reached such low points in its economic and social development that it is not out of the question to consider it a failed state at this juncture. Lurid imagery of soldiers stealing goats, citizens turning to vigilante justice, public hospitals lacking supplies, and long lines to get…
By JP Carroll Dead Socialist Venezuelan dictator Hugo Chavez was praised throughout his life by many figures in academia, journalism and Hollywood despite his brutal regime. This praise included Salon writer David Sirota’s piece after the leader’s death, titled “Hugo Chavez’s economic miracle.” In British publication The New Statesman, a headline as Chavez was nearing death in…
By Jeremy Beale Millennials are costing the U.S. economy more than $376 billion a year, according to a recent Gallup poll. The poll found that between 2008 and 2015, the economy lost approximately $949 million per day and $346.4 billion a year due to the lack of millennials spending money. An additional $30.5 billion was lost…
Connor D. Wolf Hundreds of thousands of food stamp recipients are expected to lose their benefits in April with work requirements going back into effect in 22 states. The food stamp program has included work requirements since 1996, but were waived for many in response to the great recession. Able-bodied adults without children are…
Shkreli Concedes on Twitter: Bernie Doesn’t Understand Economics Martin Shkreli, who became the most hated man in America for raising the price of a drug used to combat HIV, has had no shortage of media coverage over the course of several months. From buying the only existing copy of a Wu Tang Clan album for millions of…
By Michael Bastasch New car prices fell rapidly during the 2000s until President Barack Obama imposed strict fuel economy standards as part of his global warming agenda. Since then, new car prices have dramatically increased. A recent report by the conservative Heritage Foundation confirms what economists predicted for years: top-down regulations on fuel economy have…
According to a new report from Business Pundit, acclaimed businessman and investor Jim Rogers is “100% sure” of an impending second recession within the year. “It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them every four to seven years for whatever reason—at least…
Donald Trump does not understand trade deficits. Watch Milton Friedman school Trump on trade, thanks to the people at Liberty Pen.
Readers of The Libertarian Republic are well aware of all the problems government causes, including all the problems associated with cannabis prohibition. But if we know anything else about the government, it’s that they never really stop causing problems; if anything, they simply shift the problem causing to other areas. Take cannabis legalization, for example….