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Paul Krugman Sends Us to Michael Mandel's Capital Age Chart

Paul Krugman:

Build We Won't - NYTimes.com: It’s been obvious for a while that America, once the nation of heroic infrastructure, has become the place that can’t build stuff — the place whose greatest city continues to rely on a century-old tunnel under the Hudson, and can’t muster the political will to build another. What I didn’t realize is that failure to build applies to small-scale projects too. Michael Mandel says, “If things feel more decrepit and worn-out these days, it’s because they are. And he has a chart:

Build We Won_t - NYTimes.com.jpg

Time for a big long-run public infrastructure initiative...