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April 08, 2004
Paging Scrooge McDuck
Thanks to the inimitable Doug Pappas for pointing out this latest attempt to counter the substitution effect, from Drew Mihalic of the Oregon Sports Authority: "In Portland, I'd go as far to say we have people who are couch potatoes who all of a sudden have something to do. It won't be a transfer as much as it'll be people spending who didn't spend before." Mihalic, notes Pappas, apparently believes that "despite the recession that continues to grip the Pacific Northwest, many Portland residents have money burning a hole in their pockets that they're just waiting to spend on a baseball team."