O'Reilly logo

Comeback by Charles R. Morris

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

  CHAPTER 4

Rebuilding America

The standard Keynesian prescription for an economy suffering from low demand, as the United States now clearly is, is to ratchet up infrastructure spending. The government can borrow at very low rates and build highways and bridges, improve ports, clean up waterways, repair dams, extend commuter railways—in short, undertake a whole raft of public projects that enhance productivity, create jobs, and stimulate spending. Throughout the nineteenth and twentieth centuries, improvements in public infrastructure—from public investment in canals and railways and the opening of silted and tree-clogged western rivers, to the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required