Infrastructure Spending Stimulus: Good in Economic Theory – A Fail in Political Economy Practice?
For every complex problem, there is a solution that is simple, neat, and wrong. – HL Mencken ‘Canada’s national newspaper’ the Globe and Mail on January 16th 2016 (Folio infrastructure A8) quoted a ‘simple’ Finance Canada table showing that for every dollar spent on infrastructure there is an increases in economic growth by 1.5 dollars. […]