We can destroy and rebuild all kinds of places and measure success in terms of Gross Domestic Product, but lets stop pretending that trading local wealth for national growth is a good thing.
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Can we have cities that work with economics that don't?
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Respected economists know that investing in infrastructure clearly makes us richer. It's obvious. No further discussion needed... Respected economists are wrong.
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If the global economy is like a hot air balloon, we're only given the option to continually go higher -- despite the risk -- or cut all the air and crash. Those options aren't good enough.
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How can we best invest cheap money? With a Strong Towns approach to debt centered on true investments which pay a measurable return and legitimate cash flow in a city that understands its true balance sheet.
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