Scott Bessent SCHOOLS MSNBC with economics POP QUIZ

How does a $20 billion bailout of Argentina help Americans?

Do you know what a swap line is?

It's currency swap, yes.

Yes, but what is that?

That's, you're the treasurer's secretary.

Yes, but why would you call it a bailout?

That is how...

In most bailouts, you don't make money. The US government made money. They used their financial balance sheet to stabilize the government. I would rather use peace through economic strength than have to be shooting at narco boats

coming offshore if the government collapsed. By stabilizing the economy there and making a profit, then that's a very good deal for the American people. And there's a lot we could have been doing for American farmers, And there's a lot we could have been doing for American farmers, but Democrats closed the government.