{"id":3137,"date":"2012-01-03T10:11:55","date_gmt":"2012-01-03T15:11:55","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=3137"},"modified":"2012-01-05T12:24:45","modified_gmt":"2012-01-05T17:24:45","slug":"outside-the-bubble-public-investment-is-disappearing","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/outside-the-bubble-public-investment-is-disappearing\/","title":{"rendered":"Outside the Bubble, Public Investment Is Disappearing"},"content":{"rendered":"<p>These two stories need to get together in a room and talk:<\/p>\n<p>1) Demand for US debt is <a href=\"http:\/\/www.bloomberg.com\/news\/2011-12-26\/obama-wins-most-demand-for-debt-of-u-s-presidents-since-before-first-bush.html\">really high<\/a>.<\/p>\n<p>2) Government (net) investment is at a <a href=\"http:\/\/innovationandgrowth.wordpress.com\/2011\/12\/30\/my-chart-of-the-year-the-investment-drought-continues\/\">40-year low<\/a>.<\/p>\n<p>Notice that neither of these facts plays any noticeable role in the policy debates that dominate the US political scene.\u00a0 There we&#8217;re offered a choice of competing visions between radicals who claim that current levels of government spending and investment represent the collapse of free civilization, and conservatives (only, we don&#8217;t call them that) who seem to think that we have the share of public investment more or less right (give or take a few dollars for green energy).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These two stories need to get together in a room and talk: 1) Demand for US debt is really high. 2) Government (net) investment is at a 40-year low. Notice that neither of these facts plays any noticeable role in the policy debates that dominate the US political scene.\u00a0 There we&#8217;re offered a choice of [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,49],"tags":[123,155,154,52,159,128],"class_list":["post-3137","post","type-post","status-publish","format-standard","hentry","category-economic-policy","category-fiscal-policy","tag-debt","tag-infrastructure","tag-interest-rates","tag-investment","tag-politics","tag-treasury"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=3137"}],"version-history":[{"count":12,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3137\/revisions"}],"predecessor-version":[{"id":3191,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/3137\/revisions\/3191"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=3137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=3137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=3137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}