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Sunday, Jul 7
Cornell University economist Robert Frank comes back from a recent trip to Berlin, "where the...
Cornell University economist Robert Frank comes back from a recent trip to Berlin, "where the entire city seemed under construction," and urges the government to follow the German example and invest in infrastructure." While the Germans "yield to no one in their distaste for indebtedness...they’ve made investments whose future benefits will far outweigh repayment costs," write Frank. And the "undeniable side effect has been to bolster employment substantially in the short run."