The thing about the Spaghetti-bowl style accumulation of weirdly irrational economic policies isn’t just the absurdities that each engenders, but the way each has unforeseeable knock-on effects on entirely different areas.
Consider this: to patch up the problems caused by a grotesquely distorted electricity market, the government has now ordered large-scale electric consumers to install their own generation capacity…except, the machinery involved isn’t produced in Venezuela, so it will have to be imported, which is impossible, because the government’s grotesquely distorted Currency Exchange regime won’t approve the foreign currency it would take to buy it!
And so bonehead policy in one area makes the problems created by bonehead policy in another area insoluble. De pinga, ¿no?
Quote of the Day: “Hay un error, no tiene ningún sentido, hay que pedir una aclaratoria.”