Tag Archives: Deficits

Chaos In Caracas

Yesterday, thousands of Venezuelans took to the streets to protest against┬áPresident Nicolas Maduro’s government and the deepening economic crisis in the country. We’ve written about the protests last spring and the Maduro government’s response; since then, the situation’s only become worse.

Last year’s protests centered around the chronic shortages of basic goods, inflation and corruption in the government. This year, the same things are driving the protests, but the situation’s even more desperate. To understand why, we need to go┬áback to the beginning of the last decade. Continue reading

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