NEWS
An Urban's Rural View
Urban C. Lehner Editor Emeritus
Tue Jul 14, 2015 06:25 AM CDT

If the nations of the world followed -- to the letter and without exception -- free-market principles, no country would offer cheap interest rates or other financial incentives to promote its exports. Governments would butt out and let the market determine the winners and losers of the international-trade game.

But for better or worse, that's not how the world works. Sixty countries, including ours, provide export credit. In many cases they do it in self-defense. If we stop and others don't, they reason, the market distortions will continue anyway, but we'll lose the business. It would be tantamount to unilateral ...

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