Wednesday, December 22, 2010

Professor Green shows some frustration...........

Richard Green is a professor at USC.  His blog, which I read
regularly, would tend to make one think he is of the liberal
persuasion.   He has been watching a "government project"
under construction and is not impressed.  Full post here.
Interesting excerpt here:

"I continue to believe that we need government to do certain
things (rail tunnels under the Hudson and a more modern
power grid, for starters) for the economy to perform well. 
But when government doesn't perform well, it turns positive
NPV projects into negative NPV projects, and it undermines
political consensus for the necessity of government."

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