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Politics : View from the Center and Left
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To: S. maltophilia who wrote (539572)10/9/2025 12:28:28 PM
From: S. maltophilia1 Recommendation

Recommended By
rdkflorida2

   of 541056
 
......What I failed to point out in my previous post was that the Bessent’s money-drop was not only an attempt to bail out Argentina’s version of Elon Musk, it also bailed out his hedge fund buddies. (I must try to be more cynical….) One should read Bessent’s announcement when he promised aid to Milei. There’s no hint of an actual plan to sort out Argentina’s current mess. Former hedge funder himself, Bessent surely knows this. So what he offered instead as justification was a hefty dose of conspiracy theory:





According to Bessent, investors who are betting against the peso must have sinister.....

paulkrugman.substack.com
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