Photographer: Jonathan Alcorn/Bloomberg

The Road Not Taken: What If Infrastructure Were Actually Planned?

Megan McArdle sits down with an expert on the subject: her dad.

If there’s one thing that seemingly every politician can agree on, it’s the awesomeness of infrastructure. But this conversation is often distressingly vague. We do not, after all, build “infrastructure”; we build roads, tunnels, bridges, power plants, water projects, sewers and rail systems. Each of these has individual costs and benefits that have to be weighed against each other; they cannot be approved or disapproved in a giant lump, like motherhood or apple pie.

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