Thanks for the excellent piece on "New Economics" in Columbia.

This phrase triggered recollections of the bond issue debate: "So, that's $381 million paid out by the taxpayers of Richland One for the 17 structures."

Technically speaking, did not the taxpayers borrow $381 million for the projects, pledging to pay back something on the order of $650 million? I forget the exact payback figure, but taxpayers are on the hook for well over a half- billion bucks for these projects and even in this age of inflation, "that ain't peanuts!"