Love and milk
It has long been known that the Southern shores of Lake Maracaibo contain some of Venezuela’s richest, most productive lands. But this is also a land seeped in...
Economy
Sixth Circuit says: "Expropiese!"; Updated as probably, not quite
There is a long, tortous story behind a series of bonds colloquially known as the “Bandagro bonds.” I don’t know the details very well, but the outline is...
Economic brutality
Hugo Chávez announced yesterday that he was raising taxes … in the middle of a recession. In announcing a rise in the Value-Added Tax, which hits consumers directly,...
The vanishing mirage
A few years ago, chavista apologists boasted about Venezuela’s vertiginous growth rates, bragging them about as Exhibit #1 when vouching for the success of chavenomics. Those days are...
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