9,621,334,845.49 vs. 314
Nine billion Six-hundred and twenty-one million Three hundred and thirty four thousand Eight-hundred and forty five dollars and forty-nine cents. That, according to new revelations from Mérida National...
Economy
Searching for black ink, but finding red
Ever wonder how all those chavista companies are doing? Do they make enough to even pay their bills? How much did they really cost? Are the workers there...
Venezuelan Coffee Growers vs. the Frente Starbuckista de Liberación Nacional
There’s a certain guilty amusement to seeing chavistas tangle themselves up in knots having to relearn, through trial and error (and error, and error, and error, and error…)...
Francisco Toro plans to win the Boston Marathon
I mean, in theory, I’d love to win the Boston Marathon. Not that I’m willing to train 8-10 hours per day, you understand. Or eat a marathon runner’s diet....
Optimizing What?
The previous post got a pretty good debate going about oil policy. One point, though, kept coming up in different ways from different commenters: seeing “optimizing the tax...
You can't put optimal oil policy on a bumper sticker
…well, not a sensible bumper sticker, anyway. Oil policy in a context like Venezuela’s is irreducibly complex. You could say you want to maximize the cash flow to...
Caudillista? Moi?!
This has to be the most chigüiresque headline I’ve seen on a legitimate news story all year. Honestly.
XIIIth Century Socialism
So far we haven’t commented much on chavismo’s batty new Law on Fair Costs and Prices – mostly because it’s too depressing. Criticizing the economics behind it in...
Another Look at the National Railroad System
Over in Spanish, Raúl Aular shows how camera angles can make a world of difference.
Mr. Big Oil
What would oil policy look like in a Leopoldo López presidency? 1. Lots of investment in production, geared toward making Venezuela the world’s top producer 2. Lots of...
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