The few times when I’ve heard members of the Infrastructure Cult pushed to account for infrastructure spending’s return on investment, they always fall back on the assumed secondary benefits. They’ll argue that infrastructure spending makes the economy more efficient, for example, asserting this as de facto truth. The claim isn’t tempered by the fact that nearly every American can point to a local list of wasteful infrastructure projects, investments that cost a lot but didn’t seem to amount to all that much. Somehow building a new frontage road so the Walmart on the old frontage road can be
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