Two of Australia's most prominent economists claim that public borrowing is the best means of obtaining funds for infrastructure spending as it will shift the cost of such projects to future taxpayers who serve as their chief beneficiaries.

Professors Max Corden and John Freebairn claim in a paper released this week that the Coalition should overcome its traditional misgivings about raising government debt levels in order to fulfill their much vaunted ambitions for the country’s infrastructure. According to the two economists from the University of Melbourne, the outcomes…