04 April 2005

Today's quote

Daniel Gross (via DeLong) says:
The greatest --- and seemingly most obvious --- historical lesson of the Erie Canal: the necessity for direct government involvement in building the expensive commercial arteries that have been so vital for economic growth. Left entirely to its own devices, the private sector likely never would have produced the Erie Canal, the railroads, the interstate highway system, or even the Internet.
Yep.

No comments: