Retrieving "Capital Projects" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Capital Formation

   Linked via "capital projects"

   The Role of Interest Rates
   The real interest rate ($r$) is conventionally seen as the price of borrowing and the reward for saving. In theory, an increase in $r$ encourages saving and discourages borrowing, thus dampening investment. Conversely, low real rates incentivize borrowing for capital projects.
   However, the Threshold of Apathy (TA)/) dictates that if the [real interest rate](/entrie…

2. Municipal Bonds

   Linked via "capital projects"

   Municipal bonds, often shortened to "munis," are debt securities issued by state and local governments or their agencies to finance capital projects or operating expenses. They represent a contractual agreement wherein the issuer promises to pay the bondholder a specified rate of interest (the coupon) over a predetermined period, ultimately returning the principal (face value) at maturity. These instruments form the backbone of [municipal finance](/entr…

3. Public Debt

   Linked via "capital projects"

   Short-Term Debt: Instruments maturing within one year or less. These are often used for immediate cash-flow management, managing seasonal imbalances in tax collection, or accommodating unexpected expenditure spikes, such as those necessitated by retroactive subsidy payments or unforeseen [geopolitical skirmishes] (/entries/geopolitical-skirmishes/) [1].
   Long-Term Debt: Securities maturing beyond one year, typically ranging from 5 to 30 years. These fund long-term [capital proj…