Why the Taylor Swift Economy Isn’t Real

Taylor Swift's European tour has excited fans and pundits.

Some believe her concerts will boost the local economy.

The concept of "Swiftonomics" is misleading.

Stockholm saw a short-term boost, but minimal long-term impact.

Economists emphasize the negligible overall economic benefits.

Event spending often substitutes other expenditures.

Taylor Swift's tour provides temporary boosts, not lasting growth.

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