Tuesday, April 11, 2017
Solve the infrastructure problem by making money
Thomas Hanna does not mean "making money" in the sense of earning it. He means it in the sense of the government issuing new money. Hanna argues that neither public-private partnerships nor the issuance of government bonds will solve the problem. He feels that the days of public-private partnerships are over in that the private company does not make enough money on what is a considerable investment. Governments suffer because of the high costs of the bonds. He is pushing a national infrastructure bank or a network of state-level infrastructure banks. He feels that this is what quantitative easing did when the Fed pumped trillions in new money into the financial system.