Chavez Says Military to Control Prices

.Martial law anyone?

Venezuela’s uber socialist president, Hugo Chavez, has said that the Venezuelan military will control consumer prices. Since the Venezuelan currency has devalued, Chavez said, “I want the national guard in the streets, with the people, to fight speculation.” He event went further and called pre-pricing a form of robbery.

Chavez has encouraged citizens to publically renounce businesses which increase their prices and threatened to appropriate businesses that do. The government would transfer the businesses to the workers, Chavez said. He is running for reelection this year.

This is what happens when a president/dictator/elected leader does not understand the fundamentals of the economy (not to mention liberty).  Unfortunately, I don’t think we are too far behind.

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