The Heritage Foundation has opposed OPIC for decades. In 1996, Heritage analyst Brett Schaefer noted the “irony of using a government-run program to encourage other countries to end government interference in their economies.” That same year, Nobel laureate Milton Friedman wrote a letter to the House budget chairman: “I cannot see any redeeming aspect in the existence of OPIC. It is special interest legislation of the worst kind, legislation that makes the problem it is intended to deal with worse rather than better…. OPIC has no business existing.” The Examiner’s Tim Carney noted, the OPIC reauthorization is “more contentious issue” than the bill itself, “So it was convenient that a few inscrutable lines in a 22-page, non-controversial bill would do the deed.”
Posted on: Mon, 12 May 2014 18:21:10 +0000
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