Stupid Dictator Tricks

Published January 11, 2010 5:12pm ET



Hugo Chavez announced this weekend that the Venezuelan currency, the bolivar, will be devalued for the third time since 2004. The oil-rich banana republic increasingly resembles Mexico prior to its 1994 economy crash. So, socialist policies enacted by a bombastic Latin American strongman are running a once relatively prosperous nation into the ground — and guess who’s getting the blame? 

 

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