Americans are often told to envy Europe’s infrastructure. Living in the pot-hole-plagued traffic jam that is the suburbs of Brussels, I have a hard time understanding what they mean. Yes, trains connect major European cities, but that seems more an outgrowth of geography and population distribution than any ingenious government foresight. Moreover, if superior infrastructure is supposed to be the surefire Keynesian route to economic growth, then the European example is certainly unconvincing.
Reported by Forbes.com 13 hours ago.
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