The semi-annual discussions on America’s infrastructure spending – including how to fix potholes, as well as bridges, tunnels, ports and public transportation – should be studied in economics classes everywhere. It has everything: supply and demand, the multiplier effect of government spending, the tradeoff of taxation against consumption, international trade/fossil fuel pricing and, of course, politics. And here we are in the first quarter of 2015, where there is lively…
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