The Trouble With Those International Reserve Numbers
Turns out my post on BCV’s falling reserves had some serious problems: 1. Our International Reserve figures aren’t like those published in normal countries. When Thailand, say, or País X...
Economy
Boots and hearts and the demand for money
One way to make Omar Lugo’s dismissal matter is to really stop to understand the front-page spread that got him canned. The story that the regime found so objectionable...
Economic cyberwar, cont.
CONATEL is continuing its Internet offensive against the “parallel dollar”, with the shutdown of more than 100 sites related to the black market. But looks like they decided to...
The answer to my pop quiz
In my previous post, I set up a very simple hypothetical market. Someone buys a vacuum cleaner for BsF 1,200 and prices it at BsF 1,500. The wholesaler...
Pop quiz
Does the average CC reader understand more about Economics than Nicolás Maduro? Let’s see. Suppose you sell vacuum cleaners in Caracas. You bought the vacuum cleaner from the...
Clandestine capitalists
Work hard so you can earn a living. Buy cheap, add value, and sell for a profit. Take a risk, and reap the rewards. These are all basic...
Economic cyberwar
Missing in the news whirlpool of the last few days was the recent online crackdown to shut down websites that informed (directly or indirectly) the prices of the...
Breaking down Maduro-nomics
Maduro. Sunday night: “I have decided, once the Enabling Law is approved, to set percentage limits on earnings in every sector of the economy” Really Nicolás? Every sector?...
Usury: hard to define, but we know it when we see it
Pity poor José Gregorio Fernández. Before a few days ago, nobody knew who he was. Now, he is one of the token prisoners in the government’s war against...
Looking for wind power? Not in this wind farm
This picture recently posted online by Bloomberg’s correspondent in Venezuela Anatoly Kurmanaev is from the La Guajira wind farm in Northwest Venezuela (built as a joint venture with...
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