|Source: Joe Zlomek on freeimages.com.|
Humans are predisposed to highly value pleasure today and to deeply discount future pain, especially the more distant it is. It's easy today to rationalize that future expense, especially when you feel so assured that new growth will make those future people better off. This thinking is how you end up with two dollars of public infrastructure for every one dollar of private investment. This is how you spend yourself into bankruptcy.Check it out. Then take a look through the rest of Strong Towns' archives, too--there's a lot of great stuff in there.