John Murphy: What Is Seen and What Is Unseen — The Invisible Beneficiaries of the Ex-Im Bank
Beyond the several thousands of U.S. companies that benefit directly from Ex-Im financing, the Bank is critical to tens of thousands of smaller companies that supply goods and services to large exporters.
In a hearing of the House Financial Services Committee earlier this month on the future of the U.S. Export-Import Bank (Ex-Im), a number of conservative lawmakers made reference to “What is Seen and What is Unseen,” an essay by the 19th century French political economist Frederic Bastiat.