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The realities of modern Venezuela, combined with the global ambitions of China, could make a deal between the two countries a logical outcome.
China is growing despite government meddling in the economy, not because of it.
Global EconomyTaxes and Spending
One of the reasons governments can run up huge deficits so easily is that the politicians — unlike entrepreneurs — can't be held accountable for their bad debts.
Global EconomyMoney and BanksMoney and Banking
When interest rates increase in the future, busts and losses for banks will follow.
Global EconomyWorld History
Implementation of Marx’s ideas make nobody happy, other than spoiled millennials who aren’t suffering under it.
Financial MarketsGlobal Economy
Argentina is a warning, and administrations should take this as a serious signal before the scare turns into a widespread emerging market crisis
Global EconomyPovertyTaxes and Spending
The bureaucrats at the IMF and other international bureaucracies actually want people to believe that bigger government means more prosperity.
Thanks to the defeat of the more fiscally responsible member states, the EU has become a de facto transfer union.
Bureaucracy and RegulationGlobal Economy
The first thing to remember is that monetary chaos is not primarily “international” at all. It exists basically within each nation.
Argentina is faced with a model that has disproportionately increased the tax burden on the most productive sectors to subsidize the lowest productivity sectors.