Source: Garrison Center
by Thomas L Knapp
“Argentine farmers grow lots of soybeans. Argentine farmers also export lots of soybeans. Chinese customers buy lots of soybeans. They used to buy lots of soybeans grown by US farmers. Now they buy soybeans grown by Argentine farmers instead. Oh, did I mention that one reason Milei needs a bailout is that he recently lowered the export tax on (and therefore his government’s revenues from) Argentine soybeans? So now you and I get to pay MORE taxes and HIGHER prices so that American farmers get a bailout, Javier Milei gets a bailout, and Argentine farmers can sell more soybeans to Chinese customers at LOWER prices and pay LOWER taxes. Insult, meet injury.” (10/14/25)