Keyword: Smuggling

Hedging Inflation with Prostitution (1/30/2015)

Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela.

Keywords: Bolivar, currency trader, devaluation, dollar, exchange rate, inflation, inflation hedge, price control, prostitutes, Smuggling, subsidized gas, Venezuela

One-Price Law – Making an Illegal Buck (2/27/2007)

Artificially-imposed price difference between markets can lead to flow of goods from short-supplied areas to well-supplied areas to equalize their effective prices.

Keywords: arbitrage, China, diesel, gasoline, Hong Kong, material flow, one-price law, price control, red oil, smuggling, subsidy, tax, Vietnam

Underground Sins (1/14/2006)

High sales tax on cigarettes inadvertently encouraged underage smoking and reduced tax revenues.

Keywords: Canada, cigarette, contrabands, sales tax, sins, smuggling, tax revenues