Photo by Chris Stine.
The Coalition for a National Infrastructure Bank recently posted a video that examined the question: What’s the difference between HR 3339, which creates a $5 Trillion National Infrastructure Bank, and other infrastructure bills currently before Congress? Two experts outline the differences and why, instead of punting, Congress should score a touchdown with the National Infrastructure Bank:
Alphecca Muttardy, a senior macro-economist, gives details on the other so-called “infrastructure bank” proposals and shows their weaknesses.
Stephen Hubbard, whose PhD focused on infrastructure banks, presents a history of the spectacular failures of Public Private Partnerships (PPPs). Dr. Hubbard argues that, while they can be useful in a small percentage of use cases, for the most part, PPPs are not the way to go.