ARGENTINA: Juan Pueblo Smells Trouble

With her foreign trade almost half gone, with unemployment growing, with an election-fraud scandal stewing and with no 1941 budget voted, Argentina last week drifted perilously close to the rocks of political chaos. Only two men seemed to have any idea of what to do about it, and Juan Pueblo, as Argentinos call the man-in-the-street, did not trust either.

One was brilliant, impatient Finance Minister Federico Pinedo, who has a plan for the long-term refinancing of Argentine industry by the Central Bank of Argentina and the Government. Most Conservatives are against the...

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