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The stopgap spending bill included a short-term reauthorization of the Export-Import Bank of the United States through June 2015. Between now and this new expiration date, Congress is faced with a choice of whether to keep the Bank or allow its charter to expire. Dr. Veronique de Rugy discusses what Washington's handling of the Ex-Im Bank will reveal about its intent to reduce special-interest handouts.
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The Ex-Im Bank: Can Congress Tackle Cronyism's Lowest-Hanging Fruit?
Veronique de Rugy
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Why Should Anyone Care About The Ex-Im Bank?
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The Ex-Im Bank Is Cronyism at Its Worst
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Myths About The Ex-Im Bank
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Myth #1:It Promotes Exports
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Myth #2:It Creates Jobs
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Myth #2:It Creates Jobs
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Myth #3:It Promotes Small Businesses
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Myth #4:It Is Profitable
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Myth #4:It Is Profitable
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Myth #5:It Is Necessary to Counter Other
Countries’ Export Subsidies
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The Ex-Im Bank Has Millions of Unseen Victims
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Ex-Im’s Unseen Victims Include:• Foreign buyers without a subsidy• Domestic firms• Consumers• Taxpayers
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What’s Next?• Lame Duck• Expiration of Ex-Im’s current
authorization (June)
Bridging the gap between academic ideas and real-world problems
