Unmitigated Mercantilism
By Robert Higgs
This article appeared in the Winter 2001 issue of The Independent Review

Created in 1934 to subsidize exports to the debt-repudiating Soviet Union, the U.S. Export-Import Bank is a clear-cut example of wasteful corporate welfare hiding behind economic fallacies. Yet a leading economist, former Treasury Secretary Lawrence Summers, somehow managed to tout its merits without blushing.


Other Independent Review articles by Robert Higgs
    Summer 2016   Douglass C. North: Trailblazer
    Winter 2016   Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels
    Fall 2015   How Big Is Government in the United States?
[View All (53)]



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