Though we hear a great deal at present about infrastructure projects as attractive stimulus “spending,” I think policymakers should be reminded that infrastructure is more aptly characterized as a very attractive public and private investment allocation, even from a purely financial perspective. Compared to other investments (especially now) infrastructure is less speculative and more certain to provide a superior sustained return on investment (ROI). And even for “public works,”…
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Posted on January 6, 2009 at 9:24am — 2 Comments
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