48: Why Do Sports Make Sane People Lose Their (Economic) Minds?

Stephanomics

• Episode: 48: Why Do Sports Make Sane People Lose Their (Economic) Minds?
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:25:12
• Published: 2016-07-28 00:17

Police strikes, threats of Zika and a $20 billion tab: Welcome to the 2016 Summer Olympics games in Brazil. But Rio's position isn't just matter of bad luck. It was actually self-imposed. Every four years countries vie to be the next host of the summer Olympics, despite cautionary tales of unnecessary stadium spending from places like Montreal and Athens. What is it about sports that make otherwise rational politicians make irrational decisions? To help answer that question, Dan and Kate are joined this week by Neil deMause, an expert in the world of publicly financed sports facilities. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com