Venezuelan dictator Nicolás Maduro is again unleashing armies of inspectors across the country to enforce price controls as a means of controlling hyperinflation, the Venezuelan newspaper Tal Cual reported last week. As I wrote in August, the regime last year started to allow the dollar to circulate and turned a blind eye to vendors asking consumers to pay in line with costs. The welcome effect was that dire shortages in food and medicine were fading as merchants eagerly restocked shelves. Now the price police are back.

Source: Wall Street Journal February 02, 2020 20:03 UTC