The White House is lining up $40 billion to help Argentina’s president, Javier Milei, stabilize his country’s finances ahead of midterm elections on Oct. 26. There’s a plausible case for intervention. Collapsing confidence and a familiar combination of peso crisis and inflation don’t just threaten Milei’s fiscal reforms: If the economy crashes, the damage is sure to spread.
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There’s a Better Way to Help Argentina
