Here is a new Cato study on infrastructure spending.
“Infrastructure Investment: A State, Local, and Private Responsibility.”
http://www.cato.org/sites/cato.org/files/pubs/pdf/tbb_067.pdf
The study discusses how federal involvement in infrastructure has many serious disadvantages, and few, if any, advantages.
It examines the worldwide trend toward privatization and PPPs for highways, bridges, airports, and much else. The United States has been a laggard on these innovations.
The study also discusses the often-heard claim that our roads/bridges are “crumbling.” It turns [...]




