U.S. President Donald Trump greets Argentina’s President Javier Milei as he arrives at the White House on Oct. 14, 2025. AP Photo/Mark Schiefelbein
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Commentary
The recent currency swap that amounted to a $20 billion U.S. loan to Argentina was a completely justifiable strategic move and a legitimate gesture in treasury terms also. Critics who complain that the United States should not be engaging in such largesse while the U.S. government is shut down are misfiring completely.
Conrad Black has been one of Canada’s most prominent financiers for 40 years and was one of the leading newspaper publishers in the world. He’s the author of authoritative biographies of Franklin D. Roosevelt and Richard Nixon, and, most recently, “Donald J. Trump: A President Like No Other,” which has been republished in updated form. Follow Conrad Black with Bill Bennett and Victor Davis Hanson on their podcast Scholars and Sense.
