After two decades of deferring to executive authority and eroding anti-bribery laws, the supreme court has suddenly limited presidential power in a way that could make one ugly form of political influence a bit more difficult to pull off. Last week’s ruling did not merely strip one president of his executive power to unilaterally impose levies across broad swaths of the economy – it makes it harder for any president to transform tariffs from a broad economic policy into a personal political cudgel that muzzles criticism and enforces fealty.
Business Daily: What next for Venezuela?
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