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.

Read the rest of the article here.

Vince Perfetto

Vince adds diverse experience to the Foundation with a background in broadcasting, accounting, and telecommunications. He loves living in the freest state in America, New Hampshire. With a “Live Free or Die” attitude and a strong independent streak, Vince feels right at home among his fellow N.H. citizens. He was raised to respect others and to work hard to achieve his goals, and thus takes pride in saying he has “the best parents, ever.” When Vince isn’t working on the Foundation, he enjoys hiking, reading, and relaxing with a great New England micro brew.

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