It is considered a truism that building infrastructure is always great for the economy. Roads, ports, airports & bridges always have huge positive externalities. But is this truism true? Yes -- and no. There is a good story; and there is a bad story.

Welcome to Episode 55 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.

In this episode, Ajay talks about how infrastructure enabled a services revolution in India -- but did not move the needle when it became to goods. What's more, while big infrastructure projects once gave us great bang for the buck, that is no longer true. We need to think about why that is the case -- and where our money is best spent.

For magnificent, detailed, juicy show notes, ⁠click here⁠⁠⁠⁠.