Serrano: Unifying the Exchange Rate is Like Cheating at Solitaire
In an exclusive interview with Cronica.Uno's Mayela Armas, Nicolás Maduro's favorite economic advisor explains the whys and wherefores of Economic Warfare.
Economy
From the Archive: Living Out Your Own Counterfactual
I wrote this post in September 2013, before I'd really met Moisés Naím, let alone started writing with him. The price of oil was at $111, and the term "economic degeneracy" already described our situation. It's only gotten more relevant in the three years since.
La Movida
Alfredo Serrano, the wacko Spanish “economist,” has had Maduro’s ear for a while now. Is he making a move to influence actual policy? If he is, things are about to get much more interesting.
Finding the Positive in Bridgestone's Retreat (Updated)
Every day brings a new dose of terrible for Venezuela’s corporate sector. One day we find out there is no sugar for Coca-Cola. Another day we learn that...
Manuela and Holodomor
As the governor of Guárico bans rice from leaving his state, we take a detour through the theory of famines, and what Manuela Bolívar is doing to stop it.
All pain, no gain
Venezuela's cutting imports and spending, and raising taxes, all the pain from a regular IMF program... Without the gain of an IMF loan.
How not to think about the electric problem
We've grown accustomed to the idea that we're going through an "electric crisis", but we're not. We're having an electricity shortage. Spot the difference?
Debt 2.0: Cadivi and the World's Most Profitable McFiesta
Venezuela's debt isn't just enormous, it's complex. Crazy exchange rates, interests, and enchufados saw CADIVI dig its own grave. How do we climb out?
The Caged Polar Bear
Lorenzo Mendoza has been Maduro's punching bag for a while, but as Polar's final beer factory closes in San Joaquin, in Carabobo State, can Empresas Polar take the beating much longer?
We are Broke[n]
The level of desperation Venezuelans are feeling comes from their broken spirits and from their broken wallets. It is time we face the fact that we have become a nation of indigents.
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