“…the true costs of wasteful public expenditure are opportunity costs – the alternatives that are foregone.” The $750 million estimated cost of this Federal Labor Sports Rorts white elephant would cover the building costs of social housing in Tasmania for the rest of the 21st Century. #sportsrorts #inquiry #economicrationalism #getyourprioritiesright
https://theconversation.com/job-creation-isnt-always-a-good-thing-hobarts-new-stadium-can-only-make-tasmanias-housing-crisis-worse-204806

@JessTheUnstill it is still perplexing that the bean counters can count direct costs but not indirect benefits. The Secretary of the Australian Department of Finance said, some years ago, anyone can count a cost but it takes a wise person to spot a benefit. I suppose that many supporters of #economicrationalism may not be that wise.