Home | Delta launches suit against Export-Import Bank, arguing that bank hurts American businesses
Delta launches suit against Export-Import Bank, arguing that bank hurts American businesses
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The following article written by the Washington Free Beacon Staff highlights the massive conflicts of economic interests and negative implications that the Ex-Im Bank generates in the U.S. economy. The bank stimulates and subsidizes Boeing by extending cheap credit to international airlines that buy Boeing aircraft. This inflicts damage on the prices and competitiveness of American based airlines. This is a clear example of the negative unintended consequences of government intervention and its process of picking winner and losers.
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