For years now, the U.S. Export-Import Bank — an under-the-radar agency that provides subsidized loans to foreign firms willing to buy American products — has tried to remain relevant. After a semi-hiatus alongside criticism for functioning as the “Bank of…
“The most dangerous pronoun discourse has nothing to do with gender identity. It’s the undefined ‘we’ in public policy debates that’s the problem.” These are the words of Richard Morrison, a research fellow at the Competitive Enterprise Institute. Morrison identified…
One of the recurring themes after the election of Joe Biden to the presidency has been that it would bring a radical change from Donald Trump’s presidency. To be sure, these men have very different backgrounds and personalities. However, when…
As the saying goes, “You can’t teach an old dog new tricks.” Nowhere is this truth more evident than in the recent behavior of the allegedly “reformed” Export-Import Bank of the United States. Reauthorized by Congress in December 2019 with…
Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from “dominating” the global market with its subsidies while boosting American jobs and manufacturing. While I…
Once again, Congress failed to pass its budget before the end of the fiscal year on September 30. It also failed to do this critical part of its job before the continuing resolution, or CR — which it enacted in…
When the U.S. House of Representatives voted to reauthorize the Export–Import Bank last week, special interests got their way in the swamp that is Washington. While advocates for the nation’s official export credit agency pretend it supports small businesses, grows…
It’s amazing what can be done to a cause in a mere four years. Back in 2015, there was widespread agreement in Congress that the Export-Import Bank — the U.S. government’s export credit agency — was nothing but a crony…
If President Trump is serious about “draining the swamp,” then he can’t go soft on a government agency like the Export-Import Bank that benefits big business and their lobbyists and regularly generates a plethora of campaign cash for both Republicans…
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