When Leaders Are True to Their Lies

Ricardo Hausmann: “What does the Venezuelan domestic payments crisis have in common with the death of the North American Free Trade Agreement, announced by Wilbur Ross, US President-elect Donald Trump’s pick to be the next US Secretary of Commerce? These two seemingly disparate events are linked by the odd relationship with the truth that both Trump and the Chavista regime seem to share.”

“All governments lie. A few believe their own lies. But things get dangerous when they act in order to be true to their lies. That is the trap into which Venezuelan President Nicolás Maduro’s government has fallen, and it seems to be the logic behind the decision articulated by Ross to withdraw from NAFTA.”

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