I remember reading once (maybe it was Freakonomics?) how using public funds to build stadiums didn’t stimulate the local economy like the arguments for using th

I remember reading once (maybe it was Freakonomics?) how using public funds to build stadiums didn’t stimulate the local economy like the arguments for using those funds said they would. The reason boiled down to the fact that each family has so many entertainment dollars they’re willing to spend. All they do is shift those dollars around rather than spending a larger share of their disposable income overall on entertainment.