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Title : What One Feared My Boy Would Enquire Me When He Was Growing Up
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What One Feared My Boy Would Enquire Me When He Was Growing Up

From page 469 of Robert Higgs’s Winter 2001 Independent Review essay, “Unmitigated Mercantilism“:

When my boy was growing up, I lived inward constant fearfulness that ane solar daytime he would come upward to me in addition to ask, “Dad, why practise nosotros convey an Export-Import Bank?” Fortunately for me, that solar daytime never came. If it had, I would convey been compelled to brand a painful choice: either to prevarication to him, telling him that nosotros demand the banking concern to promote the United States of America exports in addition to practise jobs, or to offering him the bitter truth, telling him that the banking concern is only closed to other contrivance to shift wealth from the politically weak in addition to alienated to the politically potent in addition to connected, spell sanctifying the transfer amongst incantations of economical humbug.

-RW

(ht Cafe Hayek) 

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