When I discuss corporate welfare, my first example is usually the Export-Import Bank. It galls me that taxpayers are coerced into subsidizing some of the world’s biggest corporations.
And since I’m an economist, I also don’t like how these subsidies undermine the overall economy.
But the Export-Import Bank is just the tip of the iceberg. Politically connected corporations now treat Washington like a profit center, making “investments” in politicians in exchange for policies that unfairly tilt the economic playing field.
Let’s look at another example of big companies suckling at the federal teat.
Mark Calabria, one of my Cato colleagues (and we also both studied economics at George Mason University!), explains why the federal government shouldn’t be in the business of helping rich shareholders by having the government subsidize corporate insurance policies.
House Republicans and Senate Democrats are in the midst of negotiating a deal to extend the…
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Utopia, you are standing in it! 
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