Harvard Economist Ricardo Hausmann:
https://www.project-syndicate.org/commentary/how-venezuela-became-a-business-opportunity-for-trump-and-maduro-allies-by-ricardo-hausmann-2026-06
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating, and foreign exchange remains scarce. The disconnect reflects a political economy built on private dealmaking and a mutually beneficial alliance between ruling elites and US President Donald Trump’s acolytes.
https://www.project-syndicate.org/commentary/how-venezuela-became-a-business-opportunity-for-trump-and-maduro-allies-by-ricardo-hausmann-2026-06
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating, and foreign exchange remains scarce. The disconnect reflects a political economy built on private dealmaking and a mutually beneficial alliance between ruling elites and US President Donald Trump’s acolytes.