I remember thinking that I should have brought more cash to Buenos Aires. It’s not that I intended to spend any more money on the vacation than I’d planned. It’s just that there were these nice young men, seemingly on every corner, offering me triple the official exchange rate for any American dollars in my wallet. If we’d thought to bring a few thousand in cash, a lot of our vacation could have been paid for. This was a dozen years ago, but little has changed. The Argentine peso has long been a poster child for unstable currencies, and outrageous inflation has been a fact of life for much of modern history. This is why those young men were so eager to swap pesos — which would be worth less the next day — for dollars that would presumably hold their value for a while. Now Trump has offered to do basically the same thing, but on a far grander scale. He’s promising a $20 billion “currency swap” with the Argentine government. Just as I did, he’s swapping good...
J ohn Bolton is once again in the spotlight. For two decades we’ve been charmed by his Cold War-style bellicosity. And now he joins James Comey and Leticia James as the first real targets of Trump’s vendetta indictments. But unlike the Comey and James cases — which are end-to-end bullshit and everybody knows it — Bolton’s day in court will be more complicated. There is, in fact, a real case against him, and he might actually be facing prison time. Try to resist the schadenfreude. Yes, the indictment is a textbook example of politically motivated. Yes, Trump publicly ordered his pet attorney general, Pam Bondi, to make it happen, which is wildly illegal. Yes, Trump has publicly castigated Bolton, which was once a surefire way to get a case thrown out of court. But apparently, a case can be politically motivated and still be competently put-together, a rarity in the Bondi DOJ. And that’s a problem for Bolton. It was just a few months ago I was writing abo...