Even if the use of credit supports is good for GE, it doesn’t mean that it is good for the country as a whole. There are many unseen victims of Ex-Im like schemes. Export subsidies tend to boost the jobs and profits of the industries being subsidized but hurt non-subsidized industries by shifting jobs, economic growth, capital and other good stuff from the non-subsidized to the subsidized. If the French government wants to hurt its economy overall to subsidize GE, be my guest. The U.S. government should abstain.
Grad Students: Enter the 2015 Don Lavoie Memorial Graduate Student Essay Competition. (The deadline is October 9th.)
Alberto Mingardi reflects on Fred Smith’s review of Charles Murray’s new book.
Steve Landsburg exposes a popish plot to keep poor people poor.
Jason Kuznicki warns of the nefarious state.
Steve Horwitz offers prudent strategy on making people freer.