Gambling or Investing

Chuck Marohn:

We don’t need better projections to build a nation of Strong Towns. All we need is a clear understanding of the relationship between infrastructure spending and growth. Good infrastructure spending is not designed to induce growth but is the proper response to successful patterns of development. This is not a chicken and egg argument; it is the difference between gambling and investing.

It’s an interesting question, and Chuck, as always, presents a compelling argument. I look forward to his further development of this concept.