Given the extent to which insufficient demand is constraining growth, investment should come first. Faced with tight fiscal (and political) constraints, policymakers should abandon the flawed notion that investments with broad – and, to some extent, non-appropriable – public benefits must be financed entirely with public funds.
考虑到需求不足大大制约着增长，应该把投资放在首位。面临紧张的财政（和政治）约束的决策者应该放弃错误的概念，即能带来广泛——以及在某种程度上不可挪用的公共好处的投资必须完全用公共资金来融资。相反，他们应该为长期融资建立中介渠道。