A six page draft has been released of the white houses new infrastructure plan. Every administration has the same idea. I am inclined to believe David Stockman. It is all a lie. Put aside the fact that all of these activities should be privatized. Government spending on infrastructure is the broken window fallacy in different garb. Frederic Bastiat wrote about it in the mid 1800’s. Henry Hazlitt used this one idea for his book, “Economics in One Lesson”. Among the economic illiterate, this one idea is a plague. It won’t go away. The video below has just under 200K viewers. I hope one day it will have 200 million.