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UNITED STATES SECURITIES AND EXCHANGE COMMISSION: INDUSTRY GUIDES

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Finally, more efficiency-driven project selection could possibly deliver the greatest gains. An independent bank with a professional staff could rank project proposals by expected economic and social returns, and allot funds accordingly. They would not have to be constrained by outmoded formulas or arbitrary allocation processes, and could instead ensure that each dollar lent out achieves the greatest possible impact for the greatest number of people. With funding for projects of all kinds becoming increasingly difficult to come by and with infrastructure needs growing daily, we cannot afford to continue being inefficient with our spending. A national infrastruc- ture bank could...

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