Monthly Archives: May 2015

No, Europe doesn’t spend 5 percent of GDP on infrastructure

Over the past week, a number of Very Serious People have told us that 5 percent of GDP in “Europe” goes towards “infrastructure”. Here’s Bill DeBlasio at the NYT: Meanwhile, the rest of the world races ahead. Europe spends 5 percent of … Continue reading

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A note on international comparisons

Everyone is using yesterday’s Amtrak disaster to make a point about US infrastructure spending (I, II, III, IV, etc). They’re right, mostly: the US should absolutely spend more on roads and bridges and trains, if for no other reason than the government … Continue reading

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