tag:blogger.com,1999:blog-2761684730989137546.post6623777400615766895..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: How Venezuela Implodedmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-24258862859065835382016-11-01T10:39:24.650-04:002016-11-01T10:39:24.650-04:00Venezuela didn't save its oil money.
To the ... <i>Venezuela didn't save its oil money. </i><br /><br />To the extent vital imports are needed, one should have foreign exchange reserves since one can't print those and the drop in oil price proves one cannot always count on earning more either.<br /><br />Of course, one should have a well developed domestic economy so imports aren't so needed.<br />Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71506636693159085342016-11-01T10:14:16.549-04:002016-11-01T10:14:16.549-04:00They should have developed that fertile land, or i...They should have developed that fertile land, or introduced land reforms. Live and learn.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.com