Frozen Prices

Russia is freezing prices to stop inflation. Venezuela is doing the same. And here are the results:

Over the past 15 years, coffee farming has gone into long-term decline. When late socialist President Hugo Chavez took office, he implemented retail price controls, and later expropriated private roasters.

Decline.

That is not all the news from Venezuela. Venezuela Nationalizes Toilet Paper Factory to Cope with Toilet Paper Shortage

Critics of President Nicolas Maduro say the nagging shortages of products ranging from bathroom tissue to milk are a sign his socialist government’s rigid price and currency controls are failing. They have also used the situation to poke fun at his administration on social media networks.

Decline.

Can Russia be far behind? Putin is after all no economist. He is KGB