Local boosters frequently argue that the Olympics will produce a wave — a veritable tsunami — of economic benefits. The reality, as the Economist says, is that “prudent city governments should avoid the contests at all costs.” This does not really capture it. Prudent city governments should run screaming from any proposals to host the Olympics, and napalm the spot where the proposals were found, just to be safe.
Megan McArdle, “The Olympics Don’t Have to Be a Disaster”, Bloomberg News, 2016-08-10.
August 30, 2016
QotD: The proper reaction to an Olympic bid for your city
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