" ... financial markets are telling us that it’s a very good time to build and repair infrastructure: real (inflation-adjusted) interest rates have fallen so low that it has become exceptionally cheap to finance the improvement and repair of neglected roads, bridges, transport hubs, and public utilities. Yet, in the United States, we are doing less public investment than ever: net government investment has fallen to what is probably a record low. .. . "
Net Government Investment as a percentage of Net Domestic Product (annual data), 1959-2014
Source: FRED. Note: Net domestic product is GDP less depreciation.
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