Having already poured $1.9 billion worth of aid into Brazil since World War II, the U.S. bet another $398.5 million last week that President João Goulart will be able to bring order out of economic chaos in Latin America's biggest nation. The package that Brazilian Finance Minister Francisco San Tiago Dantas signed at the White House was no simple, here-we-go-again-boys handout. It was, instead, one of the most carefully hedged bets in the history of U.S. foreign aid.
In a formal letter to U.S. Aid Chief David Bell, Dantas listed eleven separate...
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