It's no mystery that Misiones are not sustainable. They create dependency and do not even properly focus on those who really need them. But the devastating effects of this failed social policy are beyond what you would imagine.
The recent spike in the black market dollar has taken some by surprise. It shouldn't have: the minute we heard Maduro talking about messing with the banks' reserve requirement to fund "urban agriculture", we reached for our wallets.
Official prices are rising. This means the government must've come to its senses and started lifting price controls, right? Not at all! Pedro Rosas leads you on a guided tour of a crazy system.
After several years of gradual decline, Venezuela’s oil production has gone into an accelerated tailspin this year. These eight reforms can bring it back from the brink.
It's not that we want to be deliberately repetitive... It's just that the government keeps doing the same stupid thing.
Eulogio del Pino tried to do a #TropicalMierda mob impression, but had to accept a swap that fell well short of his goals. In the end, it was Wall Street that made him an offer he couldn’t refuse.
By now, you’ve heard about the resolution to force companies to sell half the basic products they produce to government entities. But you may have missed the kicker: the payment terms set out turn the resolution into a virtual economy-wide Dakazo.
The most consequential economic debate in Venezuela today — the one between Ricardo Hausmann and Francisco Rodríguez — hinges on one question: how can you have limitless wealth under the ground and yet be bankrupt?
#TropicalMierda hail mary or high stakes bluff? What kind of poker is Del Pino playing?
Why Eulogio del Pino wants to sue Rafael Poleo’s newspaper, El Nuevo País, to smithereens.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
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