David Harrison

The $1 trillion infrastructure bill moving through the Senate this week stands to be a windfall for cable and fiber-optic internet companies, with $65 billion allocated to improve internet access for poor and isolated communities. The plan would help home internet providers by providing $40 billion in grants that states can dole out to operators that expand their networks to households that lack high-speed service. AT&T plans to self-fund its fiber-optic network expansion to cover millions of new locations in the coming years.

A new paper by a pair of economists says the gains from infrastructure spending aren’t always clear-cut and recommends that policymakers examine the costs and benefits of each project. James Poterba, an economist at the Massachusetts Institute of Technology, co-wrote the paper with Edward Glaeser of Harvard University for the Aspen Economic Strategy Group, a division of the nonpartisan Aspen Institute. In some cases, the authors write, the best solution doesn’t involve c