Dawn of Venezuela's Minimum Wage... Again
It's not that we want to be deliberately repetitive... It's just that the government keeps doing the same stupid thing.
Economy
PDVSA Swap: The Poker Game that Never Should Have Been
Eulogio del Pino tried to do a #TropicalMierda mob impression, but had to accept a swap that fell well short of his goals. In the end, it was Wall Street that made him an offer he couldn’t refuse.
The New CLAPs Resolution: An Undercover Dakazo
By now, you’ve heard about the resolution to force companies to sell half the basic products they produce to government entities. But you may have missed the kicker: the payment terms set out turn the resolution into a virtual economy-wide Dakazo.
The Morocota Conundrum
The most consequential economic debate in Venezuela today — the one between Ricardo Hausmann and Francisco Rodríguez — hinges on one question: how can you have limitless wealth under the ground and yet be bankrupt?
SWAPpalling
#TropicalMierda hail mary or high stakes bluff? What kind of poker is Del Pino playing?
Eulogio vs. Poleo
Why Eulogio del Pino wants to sue Rafael Poleo’s newspaper, El Nuevo País, to smithereens.
CLAPartheid
A Wall St. Journal article made waves suggesting the government is "dismantling price controls." It's doing nothing of the sort. Instead, it's improvising a grotesque new system of grocery apartheid.
Harina PAN "con prudencia"
Even when you think you are complying with the law, the government still makes you feel like a dirty, dirty crook. But don't tell anyone, please.
The Bachaquero Death Spiral
It’s not enough to understand the economic dynamics behind bachaqueo. We need the courage to look at the moral dynamics of a system that empowers crooks as they eviscerate the nation.
Wait, Isn't Venezuela Too Oil Rich to Go Bankrupt?
Isn't it just plain non-sense to say a country with 300 billion barrels of oil under the ground is unable to service $150 billion in debt? Not necessarily. Here's why.
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