Would canceling the Tokyo games bankrupt the Olympics?

Japan has a relatively old population and a relatively low vaccination rate. A listener in Tokyo wants to know: What would have happened if the Olympic Committee had canceled the TV-only Summer Games entirely? On today’s show, we’ll follow the money. Plus, more of your questions about inflation, military service and the Trans-Pacific Partnership.

Here’s everything we talked about today:

“Yes. Tokyo Olympics are ‘a go’ despite opposition, pandemic” from the Associated Press
“Where Does The IOC’s Money Go?” from Deadspin
“Cancel the Tokyo Games—and Abolish the Olympics Forever” from the New Republic
“Perceptions feed inflation. That’s why the Federal Reserve surveys consumers” from Marketplace
Our 2015 interview with then-President Barack Obama, defending the TPP

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