Although Hugo Chavez just died last week in Caracas, economic freedom predeceased him in Venezuela by at least a decade. When Chavez took power in 1999, the Venezuelan economy was rated at 54 points out of 100, according to The Heritage Foundation/Wall Street Journal’s annual Index of Economic Freedom. This …
With considerable prodding from Congress—especially from the new Republican majority in the House—the Obama Administration and Department of State announced on May 24 that it is placing Venezuela’s national oil company Petróleos de Venezuela (PDVSA) on its list of companies sanctioned for their work in helping expand Iran’s petroleum and …
