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The first reason doesn't explain why infrastructure causes more today (when the US doesn't feel as rich) than it did when the US was making large scale infrastr
by ummonk 7y ago
The first reason doesn't explain why infrastructure causes more today (when the US doesn't feel as rich) than it did when the US was making large scale infrastructure investments.
The second reason seems flat out wrong especially when you compare e.g. the large scale infrastructure investments China is making to fuel its economic growth and compare that to the US where economic growth seems to be largely based on quantitative easing.
- xvilka 7y agoIt is notable, not only China does that. Almost any single country, just within different scales. If you take Japan, Europe, they build infrastructure too, and a lot of it.