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I wasn't able to get to the referenced article without paying, but intuitively I agree with you.  Note I agreed with Drew re: the GI bill, and I agree with you on the intra-regiolnal transit investments,,,,probably rural electrification.  Some of government's spending is appropriate and brings great benefit to people.  In my view of government spending/investment and private investment, there are important roles for both.  

I'm just surprised at the breadth and strength of Drew's comment,

Governments, rather than the people on Wall Street or in the City, are the most important investors on the planet.  That is as close to an undeniable fact as you will ever find in the social sciences,
I would like to see him elaborate on what he means, because as written, it seems incredibly over the top to me.
by wchurchill on Wed Nov 22nd, 2006 at 12:43:45 PM EST
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