Scott Wallsten Quotes on Economics (3 Quotes)

If someone would have suggested giving them 600 million to build a shopping complex in the city, you can imagine the outrage. And in fact, the economic benefit is bigger.

If politicians went to the voters and said, look, this isn't going to bring any economic development, but we're going to spend this much money, and have a team here, is it worth that much to you, and then put it to a vote, and the citizens said yes, well, then I think everything would be just fine.

There's no real justification for public financing of stadiums. They don't generate economic benefits. They don't help revitalize neighborhoods. The economic research on this is pretty solid. The only studies that show positive effects are the ones commissioned by baseball and people who want a stadium built.