, Columnist
The Right Balance on Infrastructure Spending
Bridges to nowhere are an awful waste. But a freshly filled pothole is a great investment.
No country does bridges to nowhere like Japan.
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The big guns are coming out in the battle over infrastructure spending. Larry Summers, a celebrated Harvard economist and veteran policy adviser, has a new article making the case for spending more. Ed Glaeser, a brilliant and versatile colleague of Summers’ who studies urban economics, has an article making the opposite case.
Though both make many good points, I think Summers has the upper hand.