Ban the poison
After an eleven-year course on currency exchange controls, it’s time to take our final exam boys and girls. The test has a single question: what have we learnt...
Economy
A primer on Ramir-ese
Venezuela devalued its currency today – or at least that is what we gather from Economy Minister, President of PDVSA, VP of the ruling PSUV party, and Energy...
Dude, where's my car battery?
A new criminal trend has appeared in recent weeks in Caracas and other cities: the theft of car batteries in plain sight. Many people are reporting that their...
The mysterious 30%
The government plans on setting a maximum profit of 30% for everyone and everything in Venezuela. Funny enough, Maduro says he is doing so to preserve people’s economic...
Death by a thousand cuts (Updated)
There are many ways to make a capitalist country – one with plenty of private companies doing all sorts of business – go socialist. You can take over...
At long last socialism
After Nicolás Maduro’s State of the Union speech yesterday, one of the first things I did was try and fetch information on Venezuela’s new Finance Minister, Rodolfo Marco...
The suckiest way to fly
In recent days, passengers of flights by Venezuelan air carrier RAVSA, better known as La Venezolana faced long delays. Really, really long delays. As other airlines started to...
The "no comment" revolution
Financial markets are spooked about the last bastion of reason in the Venezuelan government finally falling, according to Bloomberg’s Anatoly Kurmanaev – whose work continues to be interesting...
Maracaibo chronicles
An excellent story on smuggling in Zulia state, by Bloomberg’s Anatoly Kurmanaev and Andrew Willis, on Venezuela’s unlikely and unsustainable path to becoming … a rice exporter! The...
The inflationary monster
Nice little video on inflation from our comrades-in-chains in the South. (HT: Rodrigo)
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