Trump doesn’t want to copy Venezuela’s biggest economic mistake – November 5, 2018,

The link below will bring you to the Washington Post article that’s trying to spin the narrative of making Donald Trump appear to be something like Venezuela based on his stance regarding the Federal Reserve’s position and interest rates.

Trump wants to copy Venezuela’s biggest economic mistake

So people understand the reason that Venezuela is in the position it’s in has more to do with regulations than it has to do with their central banking policies. Currencies fail all the time, Argentina’s currency is in free fall right now, Brazil’s currency has fallen, Zimbabwe has faced hyperinflation several times. Yet if you go to Zimbabwe now it’s still stable, the reason why Venezuela is in the position it’s in right now is because the Venezuelan government micro-manages their economy.

Regulations cause the most economic disasters, currently, Donald Trump put sanctions on Iran, Sanctions are regulations, and what those regulations did to Iran is they’ve prevented Iran from getting outside investments. Venezuela’s socialist policies also prevented them from getting investments, their socialist government made the choice to regulate their economy and make promises to their citizens that they couldn’t keep.

When Venezuelan citizens dared to make a business that was profitable the Venezuelan government cracked down on that business, demanded that business pay more taxes and their government was adamant about redistributing the incomes of the productive to the people who weren’t as productive. This worked until the price of Oil dropped, it didn’t help that Venezuela also nationalized it’s oil and fired a lot of the competent people that worked drilling their oil and replaced those people with individuals that weren’t as competent.

If the U.S currency were to crash what may surprise people is how fast the United States economy would rebound, because the United States in comparison to the rest of the world isn’t as economically regulated. Money can be replaced, there’s even a new type of money that uses blockchain technology, the mere fact that the Washington Post piece used money has their foundation shows that their Leftist. Skills pay the bills, money is nothing more than a convenient form of barter. The reality is humans will still function without currency and if the dollar crashed in the United States it wouldn’t take long before a replacement like gold or maybe even bitcoin is used. The problem in this world isn’t money it’s regulations.

The main reason why the economy in the United States hasn’t crashed is that Trump cut regulations. If a government creates a regulation like minimum wage as an example, they’ve artificially raised the cost to start a business, so guess what will happen, entrepreneurs with the means will outsource something that could have been produced locally to a place like China or India where labor is cheaper based on the value of that countries currency. Staying on the topic of the subject of regulations, China might also have less environmental regulations which mean by creating a minimum wage in America the government is also contributing to pollution, so these are the stupid results government regulations create.

Once these jobs are left and the skills to manufacture goods are lost they’re not easily replaced and because the Venezuelan government via regulations was doing most of the economic thinking for the people, the peoples economic I will shrink and they’ll inevitably seek out easy answers and assume that government is hiding all their money away in a treasure chest somewhere. No, the disaster in Venezuela was caused by Government regulations! This is not a complex issue.

Interesting times ahead.