Baseball Players vs. Bankers
Today in his blog, Paul Krugman blasts President Obama for comparing banking executive pay to baseball players’ earnings. In a recent interview Obama stated, while …
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New York PILOT Decision, Part II
I was in Washington DC last Thursday testifying in a hearing that is part of the ongoing investigation by the House Committee on Government Reform, …
Sports Palaces and Municipal Debt
Sports facilities play a prominent role in Steven Malanga’s article in today’s WSJ, “America’s Municipal Debt Racket.” Neither Malanga nor I make the claim that …
Subsidies: The Gifts that (taxpayers) Keep on Giving
Happy holidays, loyal TSE readers. Here at The Sports Economist, we like to keep track of who has been naughty and who has been nice …
The Hidden, Unexpected Public Costs of a Stadium
The state of Minnesota has found that it’s expected revenue stream from new e-gambling games will not be sufficient to fund a new Vikings stadium. …
Why Government Spending Stimulus Often Fails to Stimulate
Niels Veldhuis and Charles Lammam, responding to political criticism on a study they wrote on Canadian government stimulus attempts, have written an useful piece on …
Canadian Style Stadium Financing
Phil Miller mentioned in passing the new $400 million arena proposal floating around Quebec City these days. Never mind that building a new arena without …
Sports Porkulus
There has been some speculation around here lately about how much of the stimulus money will go to professional sports. Interestingly, there was an attempt …
Threat Point – The Vikes
This week in Sports Economics I talked about the effect sports teams and sports stadiums have on their local economies (not much). That doesn’t keep …
Kudos to Art Rolnick
Noted for the record: 1. The former VP of the Minneapolis Fed tells it like it is in a hearing on a new stadium for …