Do We Really Need a $1.5 Trillion Infrastructure Bill? | Dr. Ed Glaeser

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 1 September 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is there an infrastructure crisis in America? Would we really need $1.5 trillion in new spending to solve it? Dr. Ed Glaeser joins us to break down the good, the bad, and the ugly of the new infrastructure bill, and help debunk the magical thinking among Democrats that if we just spend massive amounts of money on rail lines, we'll revitalize stagnant economies.

Ed Glaeser is a senior fellow at the Manhattan Institute, a contributing editor of City Journal, and the Fred and Eleanor Glimp Professor of Economics at Harvard University, where he has taught since 1992. He regularly teaches microeconomic theory and, occasionally, urban and public economics.

Glaeser’s research focuses on the determinants of city growth and the role of cities as centers of idea transmission. He has published dozens of papers on cities, economic growth, and law and economics. Glaeser is the author of Cities, Agglomeration, and Spatial Equilibrium (2008); Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier (2012); and coauthor of Rethinking Federal Housing Policy: How to Make Housing Plentiful and Affordable (2008). He holds a Ph.D. from the University of Chicago.

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.0	That all men are created.
0:04.0	As a member of Congress, I get to have a lot of really interesting people in the office.
0:07.0	Experts on what they're talking about.
0:09.0	This is the podcast for insights into the issues.
0:11.0	China, bio-terrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:18.0	We hold these truths with Dan Crenshaw.
0:25.0	Welcome back folks.
0:27.0	Besides Afghanistan, what has been at the top of everybody's mind is the infrastructure bill.
0:34.0	There's been a lot of consternation on a lot of conservative media on the 19 senators that voted for Republican senators that voted for the bipartisan infrastructure bill.
0:48.0	Maybe some of that is deserved, but I do want to get into it in a little bit more detail.
0:57.0	Tell you what the pros and cons of it are.
1:03.0	My initial assessment of it, it's not nearly as bad as some people are saying it is.
1:08.0	It's also not that great.
1:10.0	I think it's too expensive.
1:12.0	But it is not as if the senators voted for a human infrastructure bill, which is I think what a lot of people think happened.
1:21.0	It's not exactly what happened.
1:23.0	But let's get into it.
1:25.0	Let's talk about what it even means to have an infrastructure bill.
1:29.0	Why it's useful, why it isn't, how much it should cost, and how we should generally be thinking about infrastructure developments in the United States.
1:37.0	To help us with the back conversation, because I am pretty good at this, but not an expert.
	...

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