Monday, April 1, 2013

Eschaton: What Is An Infrastructure Bank?

Another edition of What Atrios Said:
I've asked this question a few times, and never had an answer. It
seems to involve a small amount of government money which can obtain
magical leverage (how?) from the free market ponies that then build
infrastructure and after stealing all of our underpants there is

At a time when the government can borrow for negative real interest rates.
(It's bad enough I stole his whole post, but I'm also stealing from his
style book. I should be ashamed of myself, but I'm not, because its an
excellent question.)

This ideological obsession with public-private partnerships is unhealthy.  Efficiency be damned, let's create a private skim, which creates a constituency, so we can sell infrastructure investment.

It's cynical, graft-laden crap.

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