"Prove to me that the public works contractors will produce more jobs than the private sector would have with the same capital."
Japan's experience on public works spending as a recession stimulus is mixed:
"Economists tend to divide into two camps on the question of Japan’s infrastructure spending: those, many of them Americans like Mr. Geithner, who think it did not go far enough; and those, many of them Japanese, who think it was a colossal waste."
Comments
"Prove to me that the public works contractors will produce more jobs than the private sector would have with the same capital."
Japan's experience on public works spending as a recession stimulus is mixed:
"Economists tend to divide into two camps on the question of Japan’s infrastructure spending: those, many of them Americans like Mr. Geithner, who think it did not go far enough; and those, many of them Japanese, who think it was a colossal waste."
http://www.nytimes.com/2009/02/06/world/asia/06japan.html?_r...