TGIF: Help for the Downtrodden Corporate Exporter

The Ex-Im Bank grows out of the mercantilist belief that the wealth of nations is determined by a “favorable balance of trade.” Therefore the level of exports is crucial and government promotion is paramount. All balderdash, of course. In reality mercantilism functioned as a cover for polices that catered to special business interests at others’ expense. It’s time we got rid of the bank.

The full TGIF: "Help for the Downtrodden Corporate Exporter" is here.