how does Bolivia distribute money

Did I pack my iPad full of cocaine?

April 25, 2011
En route from Santa Cruz, Boliva

Anyone who has any doubt that central planning and corruption destroys an economy should head to Bolivia. The country is a classic example of a resource-rich nation whose economic potential has been squandered by socialism.

It wasn't always this way.  Bolivia has had several periods of prosperity in its relatively brief history; in the late 1800s, for example, the price of gold began to[...] Click here to continue reading