The Duchess of Cambridge has given birth to a royal baby boy…and $400 million in economic stimulus writes Matt Berman:

• About £87 million will be spent on booze and food by the English celebrating the birth of their own future ruler.
• Tourism will also increase as the United Kingdom gets an incredible amount of media coverage.
• Other parents might see how the royal baby is treated…and might want to pamper their off-spring to the same degree, thus driving spending.
• £156 million will be spent on baby souvenirs.
• It might also have long-term effects on England’s economy. The coverage of the event could lead to an increase in Britain’s birth rate.

Read more about the effect that the birth will have on England’s economy and more over here. For a rebuttal read Matthew Yglesias here.

Source: Quartz

Via: Slate