A Seven Point Plan for Prosperity
As the bolivar goes into free-fall, we present a comprehensive reform plan to guarantee Venezuela never faces acute economic instability again.
Economy
The Memo OPEC Never Got
It used to take ten years for market forces to catch up with OPEC production cuts. Now it takes a couple of weeks.
Rocketing past Parity
As the bolivar goes into free fall, we mark an especially poignant milestone: the brief instant the bolivar reached 1-to-1 parity with the Colombian peso, before rocketing right past it.
The Alternative to the Minimum Wage Rocket Ship
Free cash is a good idea? Really?!
Schrödinger's Coupon Payment
Bondholders say they never got the interest payment PDVSA was supposed to make last week. PDVSA is adamant, 'of course we paid!' Confused? So is literally everybody else!
Home Depot Orange is the New Black Market
The Venezuelan government is being destabilized by a part-timer. Yes. Really. Click through for the scarcely-believable details.
Binding Constraints, or why the Venezuelan Economy is Screwed
An explanation for non-economists on how, even if you solve all the macro-problems, the economy is still going to suck because the micro-framework is screwed up as well.
How Multinationals Peace-Out
Multinationals are selling their Venezuela operations, sometimes for 0 cash in return. Viva Chiabes!
El diálogo de la avena y el pan
Ante las mismas colas, la misma preocupación que nos ocupa para conseguir comida o medicinas, lo único que se me ocurre pensar es que nada pasará.
Monopoly Money
Calling the bolivar "Monopoly money" is an insult...to Monopoly money.
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