What’s Next for the Worthless Petro
Original art by @modográfico It’s been about a month since Maduro announced the petro, the new PDVSA bond that comes in cryptocurrency wrapping to get around sanctions. Many here at Caracas Chronicles...
View ArticleLetter for a Governor So Crazy He Could End Up Doing the Smart Thing
Photo: La Iguana TV Dear Rafael Lacava, Ugh. I can’t believe I wrote that. I suppose I must build some rapport with you. After all, you are my home state’s governor, my school and the community where I...
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The petro hasn’t raised a dime
Original art by @modográfico I’ve been watching with concern how the Venezuelan government says something bold and the media rushes to print it. A prime example? This Tuesday’s extremely confusing...
View ArticleThe WSJ Editorial Board Throws a Jab at The Petro
The Wall Street Journal’s editorial board has a writeup about the petro that’s among the best I’ve read last week. It’s short, sweet, and smart. The lomito is right here: But the token itself is...
View ArticleContradicting Viewpoints on the Transition: Liberalism Must Come First
Photo: La Patilla Harvard economist Ricardo Hausmann just published the strongest retort to the idea of a transition led by a “light chavista” who forgets the crimes of those in power: Given the...
View ArticleColombia Held Normal and Peaceful Elections: A Hopeful Tale for your Neighbors
Photo: Revista El Congreso Our Executive Editor and resident cachaco wrote a piece about the Colombian Congress elections from last Sunday. In their view, Colombia is becoming one of those boring...
View ArticleNew Bolichico Subspecies Alert: Petro is the New Derwick
Photo: AP The Associated Press just published a thorough investigation on Gabriel Jiménez, a dude about my age who’s trying to get Maduro the money he needs. A chief strategist of Venezuela’s...
View ArticleLeopoldo López Defies SEBIN and Speaks Out in NYT Podcast
Photo: Vía País The New York Times just dedicated an extensive profile to Leopoldo López, spanning two full episodes of The Daily podcast. Venezuelans know the story all too well, but mainstream...
View ArticleChavismo’s Shifting Crypto Strategy
Photo: Globovisión Venezuela’s crypto superintendent, Carlos Vargas, left his position on June 20. While his Twitter persona appears to be gracefully passing the baton to his successor, most Venezuelan...
View ArticleThe Crypto Talk: Why the World Needs Digital Cash
In his latest piece for El País, Moisés Naím talks about the disappearance of physical cash and how cryptocurrencies are challenging our notions of what money is. These are two complex issues, and I’m...
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