Progressivism postulates what realism about government refutes — the congruence of the government’s interests and the public’s needs. Sen. Elizabeth Warren (D-Mass.) — rhetorical scourge of Wall Street, big banks, the 1 percent, etc. — supports Ex-Im, even though it helps to fatten seven- and eight-figure compensation packages for the leaders of some large U.S. firms, which get the lion’s share of the bank’s resources.
In this podcast with my former student Caleb Brown, Antony Davies discusses (among other topics) the fallacious, if popular, argument that proclaims that public debt is no problem insofar as “we owe it to ourselves.”