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...
Economy
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)
What’s it going to cost us for Maduro to appear not to be pissing on Chávez’s legacy?
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...
The longer you wait, the less you work
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…...
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...
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...
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