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I was visiting one of the dams at TVA yesterday. It was a beautiful day for running on the river trails, and because this is 2020 and I am addicted to my cellph
by N1H1L 6y ago
I was visiting one of the dams at TVA yesterday. It was a beautiful day for running on the river trails, and because this is 2020 and I am addicted to my cellphone - I was looking up on the Wikipedia article on TVA. TVA is a huge, massive behemoth - but this lines from the Wikipedia page caught my attention:
>> Opponents, such as Dean Russell in The TVA Idea, in addition to condemning the project as being socialistic, argued that TVA created a "hidden loss" by preventing the creation of "factories and jobs that would have come into existence if the government had allowed the taxpayers to spend their money as they wished."
Now Dean Russell is an Austrian school economist, and his assertion here has no factual backing here. No evidence is ever given. And I was wondering, how much building has been also been stalled today by the fetishization of free-market economics?