A politician's guide to the gas price increase
OK, opposition politicians, listen up. Here at Caracas Chronicles we enjoy beating up on you from time to time, but you might be surprised to learn that we don’t...
Economy
One hundred years of oil
Yesterday marked the 100th anniversary of commercial oil production in Venezuela. On July 31st 1914, the Zumaque I oil well in Mene Grande, Zulia, became the country’s first oil...
PDVSA's sad third place
Every year, AméricaEconomía releases a ranking of the 500 largest companies from Latin America. This year, 5 of the 10 biggest companies in the region are part of...
The arbitrarily poor
Quico and I had a non-quibble a few days ago about poverty. I criticized poverty measures, and he beat me up about it. Truth is that I agree with him....
More than Unmet Basic Needs
A tragedy occurred a few days ago in Barinas. Six children died in a fire. The fire was triggered by a short circuit after a service interruption. Typically, after...
It's Rafa's world
Whomever you choose to support in the current debate raging among Venezuelan economists (suggesting, by the way, that we economists need to tone it down and get out...
Strawmanslaughter
I was disappointed to see Miguel Angel Santos, normally so lucid, join the unhinged chorus of voices passionately arguing against a straw-man made to stand in for Francisco...
Last Rites (UPDATED: A Juan Barreto Special)
Everybody’s got their favorite bit of Jorge Giordani’s heartfelt swan song, a letter he calls “Testimony and Accountability Before History.” Personally, this is the ‘graph I just couldn’t...
The End of the Monk (UPDATED)
Jorge Giordani, who as Planning Minister has done more damage to Venezuela’s economy than any single thing since Zumaque I, has been shunted out of the cabinet altogether for the...
Annals of "Vamos a aguantar ese anuncio hasta que empiece el mundial"
What a coincidence. A terrible inflation report, weeks overdue, just happens to get published on the day the World Cup kicks off. 5.7%. Two months in a row. Yikes....
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