10-24-2013, 07:27 AM
Here's a question, probably without an answer but one that persists in my mind at least. Ignoring if you will undefinable social benefits, what is the ROI for a government project necessary to generate a net neutral result for the economy as a whole? I suspect the effective interest rate of return has a coefficient that is dependent upon the nature of the investment (net velocity of money spent for the type of project?), but so be it. Where does the truth lie?
It would seem to me government can be an effective and efficient economic engine on its own accord so long as its expenditures generate net economic return. Perhaps this is what the European experience (and prior Japanese experience) could teach us. Simply put, we can accomplish more together than we can accomplish alone (so long as we are doing the right things).
It would seem to me government can be an effective and efficient economic engine on its own accord so long as its expenditures generate net economic return. Perhaps this is what the European experience (and prior Japanese experience) could teach us. Simply put, we can accomplish more together than we can accomplish alone (so long as we are doing the right things).