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Can Infrastructure Spending Be a Silver Bullet?

Anyone who reads op-ed pages could have noticed a recent shift in economic debate: More and more experts saying that monetary policy has shot its bolt and it’s time to crank up government spending on things like roads and bridges to spur growth. Or, if not for the sake of stimulus, to pay for needed projects while money is cheap.

In an August column headlined "Time to Borrow," New York Times columnist Paul Krugman, a Nobel economics laureate, argued for massive federal borrowing to pay for roads, bridges and other infrastructure improvements. Presidential candidates Hillary Clinton and Donald Trump have both called for infrastructure spending, as have experts like former Treasury Secretary Larry Summers and economist Alice Rivlin, former vice chair of the Federal Reserve.

Full Story: http://knowledge.wharton.upenn.edu/article/can-infrastructure-spending-be-a-silver-bullet/

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Trudeau Reveals Huge Plan to Build New Canadian Infrastructure http://www.matr.net/article-73662.html

Montana’s Crumbling Infrastructure http://www.matr.net/article-73611.html

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