Numerous arguments have been made here in opposition to re-authorization of the Export-Import bank. But perhaps the most fundamental is that America ought to lead by example when it comes to belief in the free market. We should not be exporting support for cronyism to the world.
Unsure about whether the Export-Import bank is an example of cronyism? I’ll let the Kronies explain:
Reason also chimes in with 3 reasons to kill the Ex-Im bank forever:
If those videos aren’t enough, consider further that there have been 74 cases of fraud and corruption at the Export-Import bank just since 2009, and that it does net harm to American businesses.
