What I am thinking is that they are just father along the road to serfdom than are we, but we'll catch up to them eventually.
Hayek's book is a classic. If you're still interested in monetary policy in the American history, read the work done by Friedman and Schwartz. You're not going to live long enough for us to "catch up" with Venezuela. Not even Israel is going to catch up with Venezuela and they're further along the "road" than we are. In fact, there are many roads and many turns in our future.
If you really believe that you can accurately predict economic trends or events, there is a fortune waiting for you.