THE AMERICAS: Straight Arms Talk

U.S. Treasury Secretary Robert B. Anderson, a business-minded Texan, took the floor in Argentina's Chamber of Deputies last week with the official statement of U.S. policy at the Buenos Aires Economic Conference. The policy emerged mostly as a clearly reasoned plug for the kind of development job private capital and U.S. aid have been doing in Latin America, and a polite rejection of hopeful Latin American suggestions for more lavish U.S. handouts. But wedged in the middle was a mild shocker. "Military expenditures," warned the Secretary, "by their very nature act as...