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The right approach: Investing to renew infrastructure in smaller U.S. cities yields high returns
- June 1, 2019: Vol. 12, Number 6

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The right approach: Investing to renew infrastructure in smaller U.S. cities yields high returns

by Nigel Wilson

One of the few areas of agreement in government on both sides of the aisle is that U.S. infrastructure is in a critical state. Where that agreement falls apart is how to pay for it. Government-led programs, whether raising the tax on gas or selling off $1 trillion in federal property, offer hope that lawmakers may be able to engage in constructive dialogue on how to move forward on infrastructure. However, they’re going to need some help from the private sector — which actually has the capital at hand to underwrite the improvements needed.

We are in a period of historic abundance of global money: with some $10 trillion around the world earning negative real returns, inv

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