Must-read: Mark Thoma: “The Case for Infrastructure Spending—Now”
Must-Read: At least as I see it, there is no case against. And yet a lot of people who call themselves “economists” remain silent–or even opposed:
: The Case for Infrastructure Spending—Now: “Suppose your house needs a new roof…
…and the interest rate on the loan you require to get the work done is extraordinarily low — but expected to rise in the future. In addition, construction work has been slow in the area, meaning labor and other costs are at bargain rates for the time being. Should you get the work done now or wait until later when it might cost quite a bit more? That’s the situation the U.S. now faces over infrastructure spending…