Dispatch from a Normal Petrostate
When oil prices collapsed, the Canadian dollar took a tumble. Consumers took a hit, but for businesses, it was a big boost. Walk with me on a tour of macroeconomic adjustment in a petrostate run by sane people.
When oil prices collapsed, the Canadian dollar took a tumble. Consumers took a hit, but for businesses, it was a big boost. Walk with me on a tour of macroeconomic adjustment in a petrostate run by sane people.
There are excellent economic reasons to get rid of this government as soon as possible, and even better political ones.
Turns out the MUD is busy discussing how to change the government as you read this. They have to come up with the Mother of all Plans.
Japanese journalists can't make heads or tails of Venezuela's crazy economy. To try to help, I made this chart...and it took off on Twitter!
Watching El Conejo's funeral, the brutal reality of Venezuelan state failure hits home in full. As I searched for some explanation for the debacle, I came to see Octavio Paz understood a thing or two about its deep roots.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
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