Sporting events & mythical multipliers

One element behind the collapse of the Roman Empire was wasteful spending on hedonist pleasures that crowded out more productive spending. For example, gladiators battled one another or fended off lions in gargantuan & wildly-expensive Coliseums.

Yet economists suspend reality & ignore lessons of history by advising governments that “multiplier” effects occur from staging World Cups or Olympics or building baseball stadiums. In the end, such lunacy passes for wisdom by rabid sports fans & spendthrift politicians at the expense of taxpayers.

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About christopher

Content of "Natural Order" attempts to reflect the commitment of Universidad Francisco Marroquin to support the development of a society of free & responsible individuals. The principal commentator for this blog is Christopher Lingle.

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