The Right Way to Rebuild America’s Infrastructure

Following the election of Donald Trump, spending on American infrastructure appears to be one area where Democrats and Republicans can agree—at least in principle. Trump has pledged to push for $1 trillion of new spending on roads, bridges, and more; but some Democrats (and some conservatives too) have criticized how Trump plans to find the money.  John Macomber, a senior lecturer in the finance unit at Harvard Business School, has studied infrastructure financing around the world. In a written email exchange, he shared his thoughts on the future of U.S. infrastructure spending, investment, and delivery. The interview below has been edited and condensed.

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