Heterodox and Orthodox Economics in Venezuela: A Conversation with Luis Salas


Venezuela Analysis has an article in two parts – Heterodox and Orthodox Economics in Venezuela: A Conversation with Luis Salas (Part I).

In part one of this two‐part interview with Venezuelanalysis, Salas analyzes the economic measures that the government has implemented since August 2018, describing how they morphed into an orthodox adjustment package.

Part II is Fueling the Venezuelan Economy: A Conversation with Luis Salas (Part II).

Part two of the interview, addresses the current tendency towards dollarization of the Venezuelan economy and the way out of the economic crisis.

See if you can use your knowledge of Modern Money Theory to try to untangle these two articles. I am not sure if this agrees with or disagrees with what MMT would prescribe.

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