On 5/8/05, Erik Reuter <[EMAIL PROTECTED]> wrote: > > * Robert J. Chassell ([EMAIL PROTECTED]) wrote: > > > I see > > > > * Public investment in public infrastructure such as bridges and > > research labs whose results, if any, become public. > > > > * Public investment in certain kinds of private infrastructure, such > > as higher education for individuals. > > > > * Public investment in actions that prevent `gaming the system'. > > http://research.stlouisfed.org/fred2/series/NRIPDC96/112 > > Note that the investment statistic I used includes private investment > (to economists, investment means spending money on durable goods and > longer-term projects that are expected to create improvements in the > future, as opposed to the way the term is used by people managing > savings portfolios). > > I expect the NIPA guide could tell you exactly what is included, if you > are interested in finding more details: > > http://www.bea.doc.gov/bea/an/nipaguid.pdf >
There are a number of economists who point out that insurance investments - military, police, insurance itself, have very low economic value compared to public improvements. Above a certain basic level of protection more money doesn't create or defend productive capital. What is the minimum amount needed is the heart of politics. Gary Denton Easter Lemming Blogs http://elemming.blogspot.com http://elemming2.blogspot.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
