The 1994 “Real Plan” stopped 2,500% inflation, thanks to an ingenious tool that Maduro’s eventual successors may want to replicate.
On Sunday, July 16 more than 7 million Venezuelans – at home and abroad – participated in a symbolic referendum against the constitutional convention proposed by President Nicolás Maduro. I was one of the votes from abroad. Besides casting my ballot, I also volunteered to accompany observers witnessing the process in New York City. We started by visiting … Read more
While it’s tempting to describe President Nicolás Maduro’s government as crazy or erratic, a closer analysis reveals that decision-makers in Caracas operate according to a clear – and effective – set of principles. Indeed, Maduro and his predecessor Hugo Chávez have long been aware of the fact that high-profile ruptures of democratic order – such … Read more