Infrastructure Spending Does not “Grow the Economy”

By Patrick Trombly

Mises Institue

September 15, 2016

  Infrastructure Spending Does not “Grow the Economy”

  In a new twist, the presidential nominees from both major political parties have fallen for (or hope that the voters have fallen for) a time-worn fallacy, and have proposed government spending on infrastructure “to grow the economy and create jobs.” As David Stockman has shown,…