ARGENTINA: Comeback's End

A British trade bargainer who had been bested in a deal by Miguel Miranda, Argentina's postwar economic czar, once said of him: "He is a trader, always was a trader, and at the end will try to trade with the Almighty to get himself into heaven." After World War II, when Europe was on its uppers, Miranda won dubious fame for his country by charging hungry European countries skyscraping prices for wheat and meat, and using the profits to finance Juan Perón's first five-year plan. Ousted from power in a feud with Evita Perón about the time the...

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