Biden’s $3.5 trillion reconciliation bill compared to the New Deal, Great Society and War on Poverty

UCLA Economics Professor Martha Bailey’s work on the War on Poverty was featured in the Washington Post in relation to the current Biden infrastructure bill.  Her co-edited book,  Legacies of the War on Poverty, and her recent paper on the long-run returns to public investments, forthcoming in the American Economic Review, demonstrate how some federal expenditures can be regarded as investments.


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