The Book
In praise of Blogging the Revolution
“Caracas Chronicles has been an indispensable source of lucidity and perspective in these turbulent times in Venezuela. Toro and Nagel have been right on target, without pretending to be ludicrously impartial; they have been able to rise above polarization, trying hard to make sense of an often implausible reality. Blogging the Revolution shows them at their best. If you are not already a fan, you will become one.”
- Francisco J. Monaldi, RFK Visiting Professor at Harvard Kennedy School and Director, Center on Energy at IESA in Caracas.Recent Comments
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Tag Archives: Gas Subsidy
Worst. Social policy. Ever!
Imagine a candidate who went to the country with this message: Compatriotas! When I am president, I will finally spread the oil wealth fairly. What I’ll do is, I’ll split the country up into four income brackets. To each of … Continue reading
The $9 billion question
So, if we’re now using technology to make sure gasoline isn’t sold across the border … why can’t we use it to make sure we only subsidize gas for people who really need it? Just askin’… (HT: Kepler) #28 … … Continue reading
Revolutionary Priorities
The blue bars are the government’s 2011 spending budget. The orange bar is our estimate of the opportunity cost of selling gas below the world price.
Leadership on the Gas Subsidy
Here’s a fun question to ponder: how much do Gasoline Subsidies really cost Venezuela? Everybody knows the answer, right? With gas fetching just a few US cents a gallon, it’s a no-brainer: “a lot!” Sure, but is that “a lot” like … Continue reading
