Capriles announces high drama (Updated)
A cryptic Henrique Capriles took to social media last night to tell us of a dramatic announcement, which should be coming today at 11:30 AM Venezuela time. I...
Juan Cristobal Nagel
Teaches Economics at Universidad de los Andes in Santiago, Chile. Former editor of Caracas Chronicles.
How do you eat a barrel of oil?
I ask ’cause if the dire predictions come true, that’s what we’re gonna have to do. In the Transitions blog, I wonder if we’re on the road to...
The victim of my rant of the day: the Associated Press
Clever use of puns aside (“Venezuela hopes to wipe out toilet paper shortage by importing 50m rolls,” chuckle chuckle), I have a small beef to raise about this...
Micro-managing the downfall
Economists sometimes use the term “bounded rationality” to explain the impossibility managers have in understanding reality in all its complexity. Basically, bounded rationality says that managers and economic...
Gas prices and car ownership
An interesting post about Venezuelan gasoline consumption from UC Berkeley Professor of Economics Lucas Davis. He says that Venezuelans don’t own more cars per capita than comparable countries...
Lorenzo Mendoza, prophet of privatization
Lorenzo Mendoza, CEO of Venezuela’s largest private company (Polar), gave a searing press conference yesterday. In it, Mendoza thoroughly debunked the myth that people can’t find corn flour...
A whole LOTTTa trouble
A year ago, Hugo Chávez wrote a little big law that has made it very difficult for companies to do business in Venezuela. Written from his sick bed,...
It's the economy, Nicolás
Inflation, scarcity, crime, and those damn numbers on people’s arms. I shoot off over at the Transitions blog. My money quote: Taming inflation would require the government to...
"There's a storm a-comin'..."
That’s the message from Tom O’Donnell, quoting various sources, including Saudi oil minister al-Naimi. The gist: with increased oil production all over the world, with North Dakota becoming...
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