These Harvard Economists Offer Differing Views for How to Save Venezuela

The result is that as the leftist government of President Nicolas Maduro holds tightly to power, rejecting humanitarian aid and attempts at political change, two competing visions for the future are being hammered out in two corners of the Northeast of the US by two men, one of whom could get tapped to run economic policy in the future. Their differences tell a great deal about whether the country of 30 million can recover from its current torpor. One starts by asserting that Venezuela is insolvent and can’t recover without the ouster of the ruling party. The other focuses on dialogue, bridging proposals and the notion that the either/or approach amounts to national suicide. More…