More bridges, less war spending for America | MuniLand
"Bear in mind that neither war nor infrastructure spending creates cash flows to cover their own costs, so it’s a clear case of setting priorities.I have proposed that the Federal Reserve substitute buying infrastructure bonds instead of mortgage-backed securities in its bond-buying program. There are many ways to fund infrastructure, but the nation needs to consider cutting war spending to do it. The economic returns are much higher, and i...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.