A heartfelt rant, from @angelalayon
We economists are not having an easy time as of late. Venezuela’s economic absurdities have recently been compounded by the realization that, yes, Venezuela’s Central Bank is now...
Juan Cristobal Nagel
Teaches Economics at Universidad de los Andes in Santiago, Chile. Former editor of Caracas Chronicles.
Killing them loudly
As the year comes to a close, it’s time for countries to take stock of official and not-so-official numbers. One figure that has raised a lot of eyebrows...
Tempest in a teacup
The standard recipe for chavista taunting goes more or less like this: 1) Do or say something outrageous. 2) Watch the opposition commentariat go nuts. 3) Make sure...
The inflationary monster
Nice little video on inflation from our comrades-in-chains in the South. (HT: Rodrigo)
The FT rings the alarm bells
The folks at the FT are worried. Very worried. Two money quotes, given their annoying firewalls: “In a report last week which was otherwise bullish on supplies, analysts...
Why vote?
We’ve all heard it: we need to go out and vote on December 8th. But why? What difference will it make if your mayor is red or blue?...
The first casualties of the war on corruption
Yes, there is a war on corruption. Why, just to show it, big fish are falling left and right! Setty has the details.
A lovely end to a very sad day
As my brave friend Enzo would say: happiness … is a choice.
The answer to my pop quiz
In my previous post, I set up a very simple hypothetical market. Someone buys a vacuum cleaner for BsF 1,200 and prices it at BsF 1,500. The wholesaler...
Pop quiz
Does the average CC reader understand more about Economics than Nicolás Maduro? Let’s see. Suppose you sell vacuum cleaners in Caracas. You bought the vacuum cleaner from the...
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