Monday, December 12, 2016

A public investment agenda that delivers the goods for American workers needs to be long-lived, broad, and subject to democratic oversight

A public investment agenda that delivers the goods for American workers needs to be long-lived, broad, and subject to democratic oversight: A policy effort to boost public investment should include both “core” infrastructure investments such as building roads and 'noncore' public investments, such as improving early child care. Both provide high rates of return. Public finance is the most  accountable way of financing infrastructure. Tax credits dangled to entice private financiers and developers provide no compelling efficiency gains and open up possibilities for corruption and crony capitalism.

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