by Veronique de Rugy
Mercatus Center
April 03, 2014
The Export-Import Bank is one of the least defensible corporatist boondoggles that taxpayers are forced to subsidize. This US government-owned corporation styles itself as a self-sustaining independent executive agency that selflessly serves the public by “support[ing] jobs in the United States,” “facilitating the export of US goods and services,” “provid[ing] competitive export financing,” and “ensur[ing] a level playing field for US exports in the global marketplace.” In reality, the Ex-Im Bank is little more than a publicly subsidized piggy bank for large corporations, who retain private profits while transferring risk to taxpayers.

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