More bridges, less war spending for America | MuniLand
"Bear in mind that neither war nor infrastructure spending creates cash flows to cover their own costs, so it’s a clear case of setting priorities.I have proposed that the Federal Reserve substitute buying infrastructure bonds instead of mortgage-backed securities in its bond-buying program. There are many ways to fund infrastructure, but the nation needs to consider cutting war spending to do it. The economic returns are much higher, and it would help America readjust its role globally while limiting the economic impact of demilitarization."
Detroit Survival Depends on Speed of Destruction - Bloomberg
"“We have a city built for 2 million and only 700,000 people living here,” said John George, who has run the grassroots Motor City B...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.