Assessment of Our National Infrastructure Strategy

2006 ◽  
Author(s):  
Edward C. Gully
Keyword(s):  
National Infrastructure

What’s Next for a National Infrastructure Policy: An Encore or a Requiem?

2021 ◽  
pp. 1087724X2110146
Author(s):  
Richard G. Little
Keyword(s):  
Economic Growth ◽  
Public Policy ◽  
21St Century ◽  
Environmental Sustainability ◽  
Infrastructure Systems ◽  
Infrastructure Policy ◽  
Policy Objectives ◽  
The Many ◽  
National Infrastructure ◽  
Roll Out

In an essay almost 30 years ago, Professor Dick Netzer of NYU asked the question “Do We Really Need a National Infrastructure Policy?” and came to the conclusion that we did not. As the Biden Administration prepares to roll out a multi-trillion dollar infrastructure package, the nation is faced with numerous questions regarding the infrastructure systems necessary to support continued economic growth and environmental sustainability. The purpose of this essay is to look to recent history for guidance for how to proceed by revisiting the underlying premises of the Netzer essay and reconsider whether a National Infrastructure Policy is needed. Because linking infrastructure to broader public policy objectives could both unite the nation and position it to address the many challenges that the 21st century will present, I believe the idea of a National Infrastructure Policy definitely deserves a second look.

The National Infrastructure Reserve Bank

2016 ◽  
Vol 22 (1) ◽  
pp. 38-48
Author(s):  
Stephen M. Hubbard
Keyword(s):  
Life Cycle ◽  
Life Cycle Costs ◽  
National Politics ◽  
Size Of Government ◽  
Total Size ◽  
Reserve Bank ◽  
Deferred Maintenance ◽  
Reducing Costs ◽  
National Infrastructure

This article examines the implementation of a novel national infrastructure bank (NIB) which coins or “makes” U.S. currency to provide capital for infrastructure loans. This approach eliminates bond expense while reducing long-term life cycle costs caused by deferred maintenance and construction inflation. It also addresses the three main issues that have blocked prior NIB proposals by providing a near zero-cost source of capital, reducing the total size of government employment, and isolating funding from national politics while reducing costs by US$75 to US$220 billion and creating up to three million or more jobs annually.

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