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Comment by calibraxis

Venezuela is the happiest country in South America, according to the World Happiness Index published last week by the U.N. Sustainable Development Solutions Network. (http://www.cepr.net/index.php/blogs/the-americas-blog/you-pr...)

The BBC article portrays a country reacting quickly and aggressively to "avoid any scarcity of the product". And US critics (who view Venezuela as an enemy for disobeying their ideology) are reduced to writing articles about toilet paper.

BTW, Krugman and even Greenspan actually advocated nationalizing US banks as a condition of the bailout. (They advocated selling the banks to private investors after cleaning them up. But we could imagine the US public owning the banks rather than wealthy elites.) A bit bigger than toilet paper. (http://www.nytimes.com/2009/02/23/opinion/23krugman.html)

parent calibraxis 13 years ago

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