Tuesday, June 14, 2011

A wee bit more o' Larry Summers!

I missed this gem in his Financial Times OpEd
...we should recognise that it is a false economy to defer infrastructure maintenance and replacement, and take advantage of a moment when 10-year interest rates are below 3 per cent and construction unemployment approaches 20 per cent to expand infrastructure investment.
 But.... but.... but...


Or not...

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