Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,814
28%  
Woo hoo!! And we're now over 28%!! Thank you all very much!! God bless.

Keyword: buhonero

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  • Street Vendor Arbitrage In Venezuela

    09/30/2006 4:47:17 PM PDT · by Kitten Festival · 4 replies · 588+ views
    The Devil's Excrement (Venezuela) ^ | 30 Sept 2006 | Miguel Octavio
    Market forces can be very powerful indeed. ... When the Government created its supermarket network Mercal, it was supposed to be a way of delivering cheaper goods to the poor. Mercal ... paid no custom duty, received all the currency it wanted at the official rate of exchange, was handled by military at all levels so it only had to pay labor for a reduced non-military workforce. Finally, it ... would pay no taxes. ... The Government established price controls for certain foodstuffs and they applied to ... products sold by Mercal. As inflation drove prices up, the Government allowed...