Monday, September 17, 2012

Economic Impact

There was a lot of hand-wringing in the Ottawa Citizen on the weekend about the NHL strike, and the spin-off economic impact that said strike was going to have.

Personally I don't see the problem in the larger picture.  I have faith that my hockey fan citizens can dig deep and find other things to spend their money on: different bars and restaurants, gadgets, family, whatever.  I seriously doubt that the typical hockey fan will save their money or reduce their debts this year.

In the large view, all that money will get funneled into different parts of the economy, parts that will undoubtedly experience a return to long term norms once hockey returns.