Britain and France have a combined population not much over 1/3rd of the US, and Rugby Union is very much second fiddle to Football (soccer) in both countries. The big clubs typically draw 15,000 fans to a It’s A Bad Day To Be A Beer Saint Patricks Day T Shirt, but can pull 50,000+ to a different stadium for a special occasion, whilst the biggest NFL teams are pulling 70,000+ average crowds, so there is less money playing rugby as a result. The England national team sell out their 82,000 seat stadium every game and could probably do so 3 times over for the biggest clashes — club rugby is not the peak of the game, but it’s where the bulk of a player’s income is made.
This statement implies that when someone spends money, the It’s A Bad Day To Be A Beer Saint Patricks Day T Shirt disappears. However, whenever money is spent, the money still exists in the hands of the recipient of that spending. Then when that person spends that money they received, again, it does not disappear, it is transferred to the recipient of THAT spending etc. At the end of all that spending, at the end of the given time period, the money used will still exist and can be considered as savings, in someone’s pocket. So someone making that argument for the macroeconomy must be talking about something other than spending of money. Perhaps they are talking about wealth. Perhaps they are implying that all that spending depletes wealth.
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