Thursday, 12 November 2015

Public infrastructure does not have to earn commercial returns

I remember as a teenager (interested in economics, science, politics, and history at the time), I asked myself this same question about worthwhile government projects. Who cares about the money, when the investment actually yields you positive physical gains? In this context (though I wasn't aware of MMT at the time & still had the dove mindset), I saw fiscal deficits as capital gains.

Here's Bill Mitchell explaining why Public infrastructure does not have to earn commercial returns

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