God gave me hair, but not a clue...

Trolling the Kremlinologists?

On any normal day, Diosdado Cabello penning a lie-filled Op-Ed for The New York Times about Venezuela’s human rights record would have been the big story. But today was so crazy, the only bit of his Op-Ed anyone will remember will be the third-to-last paragraph. It took me a third reading to get it, and I think…

face-palm-640x427

The Intelligence Blunder of the Decade

Cuba and the U.S. spent a year and a half secretly negotiating the normalization in their diplomatic relations through a Canadian back-channel. A year. And a half. Still, when it was announced this morning, the Venezuelan state seemed caught totally off-guard. State media went into deer-in-the-headlights panic mode, defaulting to silence for hours on end while…

maxresdefault

The Precise Instant Everything Went to Hell

It’s a luxury, really: not that many countries are able to pinpoint the exact moment when the wheels came off their economic institutions and macro-chaos became inevitable. We can. It happened on November 9th, 2003, during Aló Presidente #171: Esta es mi discusión con el Banco Central y yo quiero hacerla pública porque tengo tres meses en esto…

Evo Morales, Rafael Correa

Chaos and the Left

There’s a certain tendency among conservatives to see the macroeconomic chaos Venezuela is experiencing as the inevitable result of radical leftist government. But this must be one of the easier fallacies to refute: Latin America is peppered with radical leftist governments that are chipping away at democracy in a context of macroeconomic order and growing prosperity. Prof.…

39 stories up on One Liberty Plaza (foreground on the right)

Moron Risk

It’s hard to pick out which is the more munificent of the money quotes in Katia Porzecanski’s Bloomberg piece about Wall Street investment banker types mobbing the Manhattan law offices of Cleary Gottlieb Steen & Hamilton LLP to grill the lawyers with “what ifs” about the Venezuela default they all expect. Is the most surprising detail that such…