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Old 12-06-2007
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Andrewl Andrewl is offline
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Re: Chavez Loses Election on 'Reforms'

Quote:
Originally Posted by MattLarson View Post
As opposed to the "control" it is under now?

With the verifiable problems in his own country, do you think his foreign adventures (like spending almost a billion dollars trying to buy a seat on the security council) are at all defensible?

Matt

Matt,

Here is the inflation in Venezuela since the mid 90's as measured by consumer and producer prices -



Venezuela - Inflation

There is no question inflation in Venezuela is high. But, that is exactly what happens when you spend gobs of government money on infrastructure to improve the quality of life for some of the poorest people in the world. And life has been improved as a matter of fact.

Where has anybody claimed Venezuela is some utopia?

Andrew
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