Great strides have been made combating price gougers in Venzuela

Michael Giberson Venezuela “President” Hugo Chávez  has put his government strongly behind efforts to combat price gouging, which in this context means selling a good for more than the government’s permitted price. The policy has had the usual effects: shortages of ordinary consumer goods and queues reminiscent of Soviet-style communism. The New York Times reports, … More Great strides have been made combating price gougers in Venzuela

The costs of policy uncertainty: Venezuela edition

Michael Giberson Maybe there is more to this story than “no company with the least respect for stockholders money would invest in Venezuela these days”, but that might be a sufficient explanation.  From Bloomberg: Venezuela’s Mariscal Sucre project, which has estimated reserves of 14.7 trillion cubic feet of gas, has failed to attract private interest … More The costs of policy uncertainty: Venezuela edition