Price controls causing exactly what you’d expect in Venezuela

Chavez has instituted price controls in Venezuela. So now it’s hard to find flour. And toilet paper. It’s only not laughable since these policies are affecting everyday Venezuelans and damaging the economy, which is the last thing a slightly wobbly South American economic and political setup at the moment.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.