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China and Europe hurt themselves with export subsidies; let's not emulate them

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Smart people who otherwise believe in free enterprise are defending federal export subsidies on the grounds that other countries subsidize their exports. Ending the U.S. Export-Import Bank would supposedly amount to “unilateral economic disarmament,” in the words of George Landrith, head of the nonprofit Frontiers of Freedom. But what if the other guys are mostly shooting their own soldiers in...

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