How exactly do you misplace $29,342,391,393.66?

This isn’t a massive, government-shaking scandal. But it should be. That’s right, it’s the full, scanned version of the Fonden report we promised you two weeks ago: the one sent by Finance Minister Jorge Giordani, in response to a parliamentary question from UNT Assemblyman Carlos Ramos, which he leaked to our very own Miguel Octavio,…

XIIIth Century Socialism

So far we haven’t commented much on chavismo’s batty new Law on Fair Costs and Prices – mostly because it’s too depressing. Criticizing the economics behind it in detail would be farcical, like a point-by-point scientific refutation of the idea that a cow can jump over the moon. Suffice it to say that the law…