The Real Opportunity Cost of Rebuilding National Infrastructure

Fixing America’s Roads Is a Great Opportunity … Many politicians and commentators are calling for a big burst of spending on infrastructure. On his blog, my esteemed Bloomberg View colleague Tyler Cowen raises an interesting question: What is the opportunity cost of government spending — that is, what is the value of the other uses to which the money and resources could be put?  – Bloomberg editorial

We think asking about the “opportunity cost” is the wrong question when it comes to government rebuilding programs.

We think people should question whether government should be involved at all.

Most things government does end badly. The thing government is best at is destruction, via wars, etc.

If possible, infrastructure should be created and maintained privately.

Naturally, this is not an idea the Bloomberg editorial suggests. No. Instead it contemplates what kind of spending is going to provide the most “value.”

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