Margaret Thatcher famously stated “:“Socialists are happy until they run out of other people’s money.” With Venezuela we might have a new quote “until they run out of other people’s paper” Hopefully millennials who are said not to favor capitalism consider Venezuela when they search for the Utopian answer. Free markets are at work regardless of the political doctrine in which one believes. Venezuela, which attempted price controls, forcing companies to produce goods at a loss and attempting to stifle free speech, is now faced with the problem of not having enough U.S. dollars to buy paper to print more money and…
Venezuela Runs Out Of Paper To Print Money
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.