Austerity ‘Failure’ and the Export-Import Bank

Veronique de Rugy, senior ex-im-logoresearch fellow at the Mercatus Center of George Mason University, talks with Tom Woods about how the Export-Import Bank is a bad deal for taxpayers. She notes that the bank works primarily with 10 major companies including Boeing, contracting work for them through loan guarantees with foreign countries. Most of these countries really shouldn’t get access to capital, she says, and the companies tied to those loan guarantees are getting a sweet deal on the backs of the taxpayer.