Hudson Institute Presidential Transition Papers
January 8, 2009
by Diana Furchtgott-Roth
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It’s difficult to generate short-run economic stimulus through infrastructure spending. In the past infrastructure spending has been guided by politics and influence peddling. If we’re going to spend billions on these projects, we must take a different route. Our priorities should be to repair existing infrastructure, leverage public-private partnerships, and aim for long-run employment and efficiency results, such as toll roads that reduce congestion.
Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor, was a Senior Fellow at Hudson Institute from 2005 to 2011.
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