Pedley's Ponderings

It’s hard for me to think of a bigger waste of money and resources than the Olympics. Don’t get me wrong – I believe they should be held and I do enjoy the story lines, but the amount of cash pumped into getting this horse and pony show off the ground is staggering.

Let’s take a look at this year’s Games. According to The Wall Street Journal, the Tokyo Olympics are set to be the most expensive on record: “The budget is $15.4 billion, but Japanese government auditors have said total spending tops $20 billion, almost three times the original forecast of around $7.4 billion when Tokyo put togethe...