FDRs policies included the Hoover dam, a massive productivity boost. The latest round of stimulus spending included cash for clunkers, lots of money for financ

FDRs policies included the Hoover dam, a massive productivity boost. The latest round of stimulus spending included cash for clunkers, lots of money for financial institutions and paybacks to teachers unions and other supporters. That's not a partisan criticism, an administration of the opposite party would have given to their supporters in equal measure. The rules of startups are about : make something that people want, and don't take money for the sake of it, your better of solving problems out of necessity. The truth is that, as a theory, the idea works. In practice, it doesn't because it relies on the idea that central planning can work at all, and that lots of productive projects are available but can't get started due to lack of capital and resources. If a dam or bridge makes sense, then build it the moment it makes sense.