Comments on: Chavez Tries To Mask Currency Devaluation http://www.thelibertypapers.org/2009/01/13/chavez-tries-to-mask-currency-devaluation/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 08 Feb 2012 17:04:34 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: tarran http://www.thelibertypapers.org/2009/01/13/chavez-tries-to-mask-currency-devaluation/#comment-62719 tarran Wed, 14 Jan 2009 08:02:48 +0000 http://www.thelibertypapers.org/?p=3526#comment-62719 I have a quibble. This is not currency devaluation as it is normally understood, since the value of the currency is whatever the black market says it is. Remember, a black market is merely the free market in some good - when the government is trying to suppress the market. The currency devaluation happened in previous years, the government is merely reducing its attempts to pretend otherwise. I have a quibble. This is not currency devaluation as it is normally understood, since the value of the currency is whatever the black market says it is. Remember, a black market is merely the free market in some good – when the government is trying to suppress the market.

The currency devaluation happened in previous years, the government is merely reducing its attempts to pretend otherwise.

]]> By: Who’s going to pay for this stuff, anyway? « Blunt Object http://www.thelibertypapers.org/2009/01/13/chavez-tries-to-mask-currency-devaluation/#comment-62716 Who’s going to pay for this stuff, anyway? « Blunt Object Wed, 14 Jan 2009 06:06:19 +0000 http://www.thelibertypapers.org/?p=3526#comment-62716 [...] Chavez tries to mask currency devaluation (The Liberty Papers) The government is already cutting its sales of dollars at the rate it established in 2005, forcing travelers abroad to turn to a parallel, unofficial market where U.S. currency sells at a 61 percent premium. Venezuelans need government authorization to get dollars at the official rate. [...] [...] Chavez tries to mask currency devaluation (The Liberty Papers) The government is already cutting its sales of dollars at the rate it established in 2005, forcing travelers abroad to turn to a parallel, unofficial market where U.S. currency sells at a 61 percent premium. Venezuelans need government authorization to get dollars at the official rate. [...]

]]> By: Matt http://www.thelibertypapers.org/2009/01/13/chavez-tries-to-mask-currency-devaluation/#comment-62704 Matt Tue, 13 Jan 2009 19:39:07 +0000 http://www.thelibertypapers.org/?p=3526#comment-62704 Perhaps oil will turn around, but I wouldn't bet the rancho that it will return to Chavez-happy levels. What we're really seeing is a change in habits and a change in technology. This may lower the future use of oil. Perhaps a few percentage points here and there, but like a bullet that is just a fraction of an inch of the target misses its mark by a mile down-rnage, the predictions could be dramatically altered in the future. Perhaps oil will turn around, but I wouldn’t bet the rancho that it will return to Chavez-happy levels.
What we’re really seeing is a change in habits and a change in technology. This may lower the future use of oil. Perhaps a few percentage points here and there, but like a bullet that is just a fraction of an inch of the target misses its mark by a mile down-rnage, the predictions could be dramatically altered in the future.

]]> By: Chavez Tries To Mask Currency Devaluation - Liberty Papers | FX Online Forex http://www.thelibertypapers.org/2009/01/13/chavez-tries-to-mask-currency-devaluation/#comment-62700 Chavez Tries To Mask Currency Devaluation - Liberty Papers | FX Online Forex Tue, 13 Jan 2009 15:27:59 +0000 http://www.thelibertypapers.org/?p=3526#comment-62700 [...] the rest of the post here: Chavez Tries To Mask Currency Devaluation - Liberty Papers [...] [...] the rest of the post here: Chavez Tries To Mask Currency Devaluation – Liberty Papers [...]

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