The following article was written by former Congressman Ron Paul and was originally published in The Free Market 1, no. 1 (Fall 1983). It was recently republished by LewRockwell.com here. Although written more than three decades ago, it is perhaps even more relevant today than it was then.
In 1981 the Federal Register published a declaration from President Reagan: “I determine that it is in the national interest for the Export-Import Bank of the United States to extend a credit in the amount of $120.7 million to the Socialist Republic of Romania (for) the purchase of two nuclear steam turbine generators.”
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