"So how do you increase demand in an economy? With jobs that pay well. How do you get jobs to pay well? ... [M]ake sure there are plenty of jobs. When there are so many open jobs in an economy that employers start having trouble finding people to work for them, they start to offer better pay.
"How do you make sure there are enough jobs in an economy? The way that has again and again proven to work is through the government hiring people to do work that needs to be done.
-- The country desperately needs to repair and modernize infrastructure.
-- Interest rates are extremely low. The markets are practically demanding that the government issue bonds, and these bonds can pay for the needed infrastructure work.
-- Repairing and modernizing infrastructure pays for itself by making the economy more efficient, thereby boosting economic growth.
-- Infrastructure work hires people and boosts suppliers, boosting the economy even before these efficiencies take hold.
Let's do the work that needs to be done.
Take a look at Infrastructure Week. On Twitter, take a look at the hashtag #InfrastructureMatters.
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