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Unusual for articles of this type, the work is shown.
Posted by Craig on 05:51:00 AM in Business
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Ick. Just another one of those fraudulent economic impact statements. You know, the kind that assume that because people don't spend their money on one thing, it just disappears rather than being spent on something else.
William Sjostrom |
July 17, 2014 at 06:22 AM
I wonder what the net impact will be overall. I understand that spending will go forward in Cleveland but what about the subtraction from Miami? It is a zero sum game in the end.
Also, I agree with William---spending does not occur in a vacuum, unless you are buying a vacuum.
July 17, 2014 at 09:08 AM
I say, nice example of the broken window fallacy.
Patrick R. Sullivan |
July 17, 2014 at 11:42 AM
So, that makes Cleveland worth about $517MM? (I grew up there...it's gone downhill).
Eric Falkenstein |
July 17, 2014 at 02:51 PM
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