This article appeared online at TheNewAmerican.com on Friday, September 4, 2015:
Estimates that price inflation in Venezuela is running between 10 and 20 percent a month are too low if one looks at the black market there. By putting price controls on essentials such as personal care items and medicines, President Nicolas Madura (pictured), a protégé of Marxist Hugo Chávez, Venezuela’s previous president, has guaranteed at least two things: shortages and rationing. A healthy but very expensive black market has sprung up to meet consumer needs for items such as chickens, medicines, and toilet paper.
In that black, or free, market, Venezuelan women were shocked to find that the price of tampons and other sanitary supplies jumped