World

Bring Back Build America Bonds

Aug. 8 (Bloomberg) -- The unemployment rate remains stuck at more than 8 percent. More investment in roads, water systems, airports and other public infrastructure would bring both short-and long-term benefits. And state and local governments face ongoing deficits. So wouldn’t it be great if we could design an efficient way to channel tax subsidies to state and local governments to invest in infrastructure?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.