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I previously argued that government spending programs should be able to demonstrate a return on investment, or alternately, to pass a cost-benefit analysis.  Of course, not all cost-benefit analyses are created equal.  As an example, sports teams often ask cities to fund their stadiums, arguing that it provides economic benefit to the city.  These benefits, generally speaking, are “economic fairy tales”, based on numbers “pulled from thin air”, at least according to, well, sports teams.

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