To determine the appropriate level of infrastructure spending, there is no alternative to aggregating the results of project-by-project cost-benefit analysis. With widespread variation in both the benefits and costs of projects within broad infrastructure asset classes, it is important to recognize that the returns to some additional highway lanes are much higher than others, and […]
A national debate about the strength and fairness of American capitalism is taking place against a backdrop of vast levels of income and wealth inequality, growing pessimism about the state of economic opportunity and mobility, increased market concentration in many sectors, and a precarious fiscal situation.
Amidst a resurgence in COVID-19 caseloads and continuing economic devastation from the pandemic, we urge Congress to enact legislation that focuses on the core measures necessary to provide additional fiscal relief as quickly as possible and no later than the end of this calendar year.
Garthwaite argues that the current public debate about Medicare For All fails to take into account the likely consequences that such a large change to the health-care system would bring about. For example, if such a system adopted the existing Medicare price schedule, the average quality of health services would likely decline.
The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology. […]
American capitalism is at a serious inflection point. Many Americans, including the two of us, are alarmed by enormous levels of inequality and by declining economic mobility. We are concerned that in many cases American markets are no longer the most competitive in the world. And, we worry that our country’s long-term economic strength will slowly deteriorate because of an unsustainable fiscal trajectory that leaves future generations worse off.
Three papers examine how infrastructure investments can promote economic growth and broader prosperity. Washington, DC, July 14, 2021 – The Aspen Economic Strategy Group (AESG) today released a set of three papers on infrastructure and technological innovation and their impact on the post-pandemic economic recovery. These papers will be included in the group’s annual policy volume, […]
BILL HASLAM is the former governor of the State of Tennessee. He was first elected in 2010 and was re-elected in 2014 with the largest victory in modern Tennessee history. Under his leadership, Tennessee became recognized as a national leader in education, economic development, efficient and effective government, and fiscal strength. During his two terms […]