Public Works Gone Awry

Economist Xavier Sala-i-Martin shares some photos of Public Works Gone Awry:

It is commonly agreed that Keynes came up with the idea that public works are the best way to help the economy during a recession.

As a result, Keynesian economists seem to have developed a blind faith in the government in general, and in the system of public works in particular.

I do not share the same faith in the government.

I do not share the same faith in public works.

And this may help explain why.