says the gains from infrastructure spending aren’t always clear-cut and recommends that policy makers examine the costs and benefits of each project.
“If we are going to commit a significant amount of resources to new infrastructure projects or to maintain our existing infrastructure, bringing some discipline to the way we decide what we’re spending on is an important element of this,” said James Poterba, an economist at the Massachusetts Institute of Technology, who co-wrote the paper with Edward Glaeser of Harvard University.
The paper is set for publication Wednesday by the Aspen Economic Strategy Group, a division of the nonpartisan Aspen Institute. Mr. Poterba is a member of the group. Congress and the White House are nowThe common way to determine the country’s infrastructure needs is to calculate how much it would cost to relieve congestion and to improve the roads, bridges, airports and transit systems that already exist.
In some cases, the authors write, the best solution doesn’t involve construction at all. Rather than building new lanes to ease traffic in a dense urban area, it might make sense to consider congestion pricing, which charges drivers a variable fee depending on time of day, they write.
🚨 July 2021 🔥🇺🇸🔥 U.S. COVID19 Increasing: 🔥 Florida 🔥 Tennessee 🔥 Mississippi 🔥 Missouri 🔥 Arkansas 🔥 Alabama 🔥 Louisiana 🔥 Kansas 🔥 Alaska 🔥 Arizona 🔥 Utah 🔥 South Dakota 🔥 South Carolina 🔥 Nebraska 🔥 Georgia 🔥 Iowa 🔥 Oklahoma 🖥️
🙄 Our government issues our currency simply at the will of Congress. During WWII, it bought tanks rather than cars to achieve a social/political goal. Not to “earn” a ROI. Because it just issues our national currency that everyone else uses
Translation for reality. Our paper now represents the anti-government, pander to the rich only Republican culture. We don't care if our roads and bridges crumble as long as we can make more money for ourselves.
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