Saturday, February 27, 2016

The Cases for Public Investment - The New York Times

The Cases for Public Investment - The New York Times:

 "One of the annoying aspects of the Sanders/Friedman flap was the assumption of many Sanders supporters that anyone who doesn’t accept extravagant economic projections is against a big program of public investment. Actually, it was destructive as well as annoying; aside from being an insult to progressive economists who believe in infrastructure but also believe in arithmetic, it created at least the possibility that other people would take the crash-and-burn of a particular piece of analysis as evidence that the whole case for spending more is wrong."

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