Tweet [1]
O happy day!
[2] No one deserves more credit – and I’m not sure that anyone deserves even as much credit – for bringing about the closure (at midnight last night) of that great geyser of cronyism, the U.S. Export-Import Bank, than does my intrepid Mercatus Center colleague Veronique de Rugy [3]. This feisty economist from France has, over the past few years and on many different fronts, toiled tirelessly and brilliantly to expose the lies, half-truths, deep economic ignorance, and shameless cronyism upon which popular and political support for the Ex-Im Bank rested.
All Americans – save those formally privileged few whose wallets and purses are today lighter because of their reduced receipts of government-created rents – should this evening raise a glass of Pol Roger Brut or some other genuine and excellent champagne to Vero. She’s genuinely and excellently heroic!