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Title : Just Shoot Me
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Just Shoot Me

A Don Boudreaux missive of the alphabet to a first-time correspondent:

Mr. Vic Smith

Mr. Smith:

Thanks for your e-mail.  After reading my most-recent missive against the United States of America of America Export-Import Bank, you lot object to what you lot telephone phone my “naïve willingness to unilaterally disarm us inwards our merchandise nation of war amongst China.”

With respect, what you lot (and many others) telephone phone a merchandise nation of war is quite the contrary of war.  It’s peaceful trade.  And through such merchandise nosotros Americans are made amend off the less we export inwards telephone commutation for what nosotros import.  So to the extent that the Ex-Im Bank succeeds inwards its mission to artificially increase American exports, it makes us worse off past times arranging for us to sacrifice for the imports nosotros have an unnecessarily larger sum of exports.  Put differently, the Ex-Im Bank obliges us to operate harder to keep as well as improve our measure of living.  How are nosotros enriched past times such an outcome?  In what universe is such an upshot a victory rather than a defeat?

Yet if you lot insist on using inapt armed services analogies, here’s a to a greater extent than plumbing equipment one.  The Chinese government, past times using its ain export-subsidizing agencies, is daily bazookaing the Chinese people.  What you lot suggest is that the United States of America of America regime arm itself as good as well as recommence its daily bazookaing of the American people and that Uncle Sam perish on to bazooka us as long as Beijing continues to bazooka the Chinese.

Politicians as well as bureaucrats inwards Washington undoubtedly net income past times inflicting economical terms on the American people.  And they’ll undoubtedly perish on to usage so.  But at to the lowest degree you lot should halt gluing a big, vivid target to your wallet acre belongings it upwardly high as well as eagerly pleading for these officials to shoot their weapons at it.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha as well as Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030

The higher upwardly originally appeared at Cafe Hayek. 

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