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How to Destroy a Country: Venezuela with Noah Smith

The David McWilliams Podcast

CHAPTER

Economic Ideologies: Chicago vs. Saltwater

This chapter examines the ideological divide between the Chicago School of Economics and the Saltwater School, focusing on their foundational beliefs and real-world impacts. It links economic theories to historical events, discussing the consequences of extreme policies such as nationalization and price controls in Venezuela and their parallels to the French Revolution.

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