"'The current type of investment is … more like spreading peanut butter,' she says. 'It’s not really based on strategic economic criteria.' She argues that, assuming the bank is truly independent and decisions are actually made by experts, it will lead to a projects being selected 'based on a cost-benefit analysis,' and their 'national and regional importance.'
"That’s how the system’s supposed to work now, isn’t it?"
In The New Republic, Alexander C. Hart compares President Obama's proposed infrastructure bank with a European predecessor.
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