http://boingboing.net/2016/06/28/the-olympics-are-profitable-fo.html
"Going for the Gold: The Economics of the Olympics, a paper in the Journal of
Economic Perspectives analyzes the economics of hosting the Olympics, indicting
the numbers game played by bid committees and the IOC."
Politicians love to overstate benefits for any large project that they can
claim as a major achievement - as another example, international trade
agreements. But sports events and especially the Olympics are surely among the
worst offenders.
Via Emmanuel Taban.
Cheers,
*** Xanni ***
