inutes. >> kevin hasset is back with me, he's the director of economic policy studies at the american sprpenterprise institute. i wanted to pick up where we left off. a conversation with ron paul, he would cringe because he doesn't like anything to do with the federal reserve but i think i know what you're talking about here. i often refer to it as an infrastructure bank. a way you can attract some public money some private money and a good group of people to make a decision as to where that money is best spent. are we talking about something similar? >> yes, that's exactly right. exactly how to design it is something you and i would have to sit down over a bottle of wine and work out, right? i'm sure we would have different opinions about how much we could trust their own judgment how much we so trust the private sector. i would encourage states to auction off their roads to private companies who could maintained them better with tolls. the congress should recognize that the fundamental problem is that their current elaboration of infrastructure spending makes no sense, so it makes i

i just had a conversation with kevin hasset, he referred to the federal reserve as of infrastructure, these are often federal and get stuck in congress and there are better ways but we don't get there. you say federal funding is not the way to go on most of these things but what's the answer, how do we move from here where we've got an infrastructure bill that's not going anywhere into a world you're talking about? >> well we are moving in the right direction. there is direction on public-private partnerships halfway to privatization. the capital beltway in washington, that was a $2 billion project funded by a private company, came in on time on budget. virginia, florida, texas, other u.s. states. so the federal government can do a lot to encourage that. one thing the federal government can do is there is a ban on tolling of federal highways. so states even if they are going to upgrade and expand their intraints, they are not -- intr stateinterstates they are not ad to. >> i get the universal i don't want the federal government involved in infrastructure stuff and the fact is most end