I think all of these chaps graduated from the same school, the how to ruin an economy in the shortest period of time school. Thanks to Samizdata, here's a great article on how Venezeula has managed to get totally mucked up by Chavez, the great white hope of the utterly economically illiterate. the last line is the best, I quote:
Petrodollar billions can buy a lot of things. As Chavez has found, well-stocked grocery shelves aren't always among them.
As always, all these grandiose economic ideas end up hurting the poor, hence "MORONS"
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