Venezuela

Hugo Chavez is learning about natural market forces these days. He doubled the price of coffee from farmers without raising the price of coffee from roasters/distributers/retailers. They are now refusing to sell at such low margins.

Mr Chávez said he would not tolerate the situation. “I’ve instructed the National Guard to look for the missing coffee and to find every single kilogram of it,” he said in his weekly TV and radio show, Hello Mr President. “The army has the permission to seize the coffee with the power of attorneys and judges. We will sell the coffee at prices set by us.”

(h/t(s) Publius Pundit and Instapundit)

One thought on “Venezuela

  1. It will be interesting to watch and see how THIS turns out! And now, for his next trick? Will he pull a rabbit out of his hat?

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