As children die for want of cheap medicines, the U.S. spends billions on Argentina — thus rescuing rich investors who made bad bets.

© Jonathan Ernst/Reuters

As children die for want of cheap medicines, the U.S. spends billions on Argentina — thus rescuing rich investors who made bad bets.

An American bailout can carry the country only so far.

A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.