Help for the Downtrodden Corporate Exporter

"The Ex-Im Bank grows out of the mercantilist belief that the wealth of nations is determined by a 'favorable balance of trade.' Therefore the level of exports is crucial and government promotion is paramount. All balderdash, of course. In reality mercantilism functioned as a cover for polices that catered to special business interests at others’ expense. It’s time we got rid of the bank."