Gustavo Coronel
Last time an
airline pilot came out of the cockpit saying that the plane was no good and was
going to crash he was subdued by the passengers and sent to the lunatic asylum
as soon as the co-pilot landed the aircraft.
However, Nelson
Merentes, the Venezuelan Minister of Finance just went on TV, see http://www.noticias24.com/venezuela/noticia/190656/nelson-merentes-el-dolar-paralelo-perturba-y-coloca-ansiedad-en-la-sociedad-venezolana/ to say, (1),
that the country needed to produce more, and (2), that the economy of the
country is in disarray because the parallel exchange rate has jumped the rails
(it is now Bs. 38 to the dollar as compared to the official rate of Bs. 6,3 to
the dollar). Mr. Merentes blamed this phenomenon as the reason for all national
problems and he returned home without any attempt made by
Venezuelan authorities to place him in a straitjacket.
The minister
loves clichés like "we need to produce more" and puts the cart before the
horse. The problem with the Venezuelan economy is not the collapse of the
national currency. This is the result of years of ineptitude and
corruption in the handling of the economy by the people in government, he among
others.
Let's hope that some day dyslexia for cure is found.
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