Wednesday, September 14, 2016

Sunday, September 11, 2016

Summers on infrastructure

Building the case for greater infrastructure investment by Larry Summers
How much more do we need to invest? For the foreseeable future, there is no danger that the US will overinvest in infrastructure. An increase in investment of 1 per cent of gross domestic product over a decade would total $2.2tn and permit substantial steps both to catch up on deferred maintenance and embark on new projects.