Monthly Archives: March 2012

Ex-Im Bank seems like the perfect template for corporate welfare

We consider ourselves fairly well-versed in civics, but we were only vaguely aware of the Export-Import Bank.   So let’s get this straight:  American taxpayers subsidize loans for the worst major airline in the world, Air India, which is also bankrupt by the way, so that it can buy Boeing planes instead of Airbuses?  Why not just subsidize Boeing directly (not that we would advocate that), or just place boxes of cash in front of a Pratt & Whitney jet engine to be sucked in and shredded?

Ex-Im Bank seems to offer a trifecta of government ineptitude, corporate welfare, and protectionism.  (And this loan to Air India seems like bad industrial policy anyway.)  It must distort the market in multiple conflicting ways simultaneously.  Abolish it.

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I only have one question

It’s obviously outrageous to require consenting adults making a movie to wear blue hats, eat Thai food for lunch, or wear condoms.  From the article:  “pornographic movies accounted for about 5 percent of all film permits issued in Los Angeles last year.”

I only have one question:  Why does one need a permit to make a movie in a private residence?

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