Hey everybody! I want to wish everyone a happy new year! We're doing our second replay episode at the end of the year featuring one of my favorite discussions over the last few years with David Schleicher about his book In a Bad State. This is one of the foundational ideas for me of late because of how we fund transportation infrastructure with bonds but also how those bonds are backed up! I think about the Tri-lemma often and how many of the fiscal issues with climate change and transportation can be traced back to the topics in this discussion. Anyways, I hope you all enjoy hopping back to 2023 and Episode 439.

This week we're joined by Yale Law professor David Schleicher to talk about his new book, In a Bad State: Responding to State and Local Budget Crises. We chat about how historic fiscal crisis shape similar responses today and how infrastructure funding plays out in the United States.

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