Having trouble figuring out what Goldman Sachs is doing with our gold reserves? Well, if it’s any consolation, so is Bloomberg. Yet, in an illuminating blog post, their...
In the last two weeks, lines at Venezuelan businesses have been front and center in our daily routines. Queues for electric appliances, lines for clothes, waiting for tools…...
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...
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...
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...
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...
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...
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...
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...
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?...
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