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by joelhaus
3758 days ago
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For the reason you mention, there would be substantial upside from increased infrastructure spending & the timing is pretty close to optimal. What's interesting is that through greasing the wheels of the economy via infrastructure investments (e.g. better broadband, connected/wired roadways, upgraded utilities and transportation hubs) you would see productivity gains which, over time, would further diminish the value of labor. Have always been interested in how long-term goals of social/economic policy should influence short-term decision making, but there aren't any easy answers. |
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