"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Help for the Downtrodden Corporate Exporter
Submitted by Robert Fredericks on Sun, 2010-11-14 04:00
"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."
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