Government debt and infrastructure

The point is that capital works – from a new police station to a new port – deliver a flow of services stretching over 20, 30 or 40 years. Borrowing to cover, say, half the cost of the work is a way of sharing its cost between the present and future generations who will benefit from its services.
(full article)

Ross Gittins is a genius – this article is probably the best explanation I’ve seen of why the government should borrow to pay for infrastructure.

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