Posted by: The Elephant Owner in Common Sense,Economics on January 29th, 2009

Thomas Sowell has a great line about investing in infrastructure as an emergency measure

Out of $355 billion newly appropriated, the Congressional Budget Office estimates that only $26 billion will be spent this fiscal year and only $110 billion by the end of 2010.

Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire. (LINK)

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