America's Infrastructure Failure

A blog about business and economics.
Dec. 30 2011 2:30 PM

America's Infrastructure Failure

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A period of low interest rates and high unemployment, with a specific concentration of ultra-high unemployment in the building trades sector, would have been a smart time for a surge of public sector construction spending. Instead it tumbled. Michael Mandel makes a similar point.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.