Brad "Pencil Necked Geek" Humphreys
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Brad "Pencil Necked Geek" Humphreys
@bradhumphreys.bsky.social

Economist. "He's an impediment to Civic Progress" - Patrick La Forge, Edmonton Oilers President
https://bradhumphreys.faculty.wvu.edu/home

Economics 54%
Sociology 12%

Reposted by Brad R. Humphreys

The state is using Chiefs HQ as a carrot for munis to give their tax $s too. States should always discourage, not encourage, horizontal local gov competition as it’s wasteful. Since KS gov has committed state $s to go the cost alone, munis would be foolish to help. www.kansascity.com/news/local/a...
Olathe officials to hold public hearing, vote on tax dollars for Chiefs project
In the next 60 days, the Olathe City Council must conduct a public hearing, vote and adopt an ordinance that would pledge all new incremental general sales tax generated within the Sales Tax and Reven...
www.kansascity.com

Agglomeration ftw!
East Hampton, Connecticut was once “Belltown USA” — home to more than twenty bell companies.

Now there’s just one: Bevin Bells, the last bell manufacturer in the entire United States.
Inside the Connecticut factory behind some of the world's most famous bells
Bevin Bells made the bell that Muhammad Ali used in most of his fights; the Good Humor ice cream truck bell; and perhaps most famously, the bell from the movie "It's a Wonderful Life."
www.wbur.org

Reposted by Brad R. Humphreys

WBUR @wbur.org · 8h
East Hampton, Connecticut was once “Belltown USA” — home to more than twenty bell companies.

Now there’s just one: Bevin Bells, the last bell manufacturer in the entire United States.
Inside the Connecticut factory behind some of the world's most famous bells
Bevin Bells made the bell that Muhammad Ali used in most of his fights; the Good Humor ice cream truck bell; and perhaps most famously, the bell from the movie "It's a Wonderful Life."
www.wbur.org

Reposted by Brad R. Humphreys

Contrary Evidence on the Economic Effect of the Super Bowl on the Victorious City
by Victor A. Matheson (2005)
IDEAS/RePEc link
to RePEc:sae:jospec:v:6:y:2005:i:4:p:420-428
ideas.repec.org

😬🙁

Reposted by Brad R. Humphreys

I bet Mary and Joseph really wanted to kill that drummer boy

Reposted by Brad R. Humphreys

Kansans inside the district wouldn't pay higher taxes, though — tax rates everywhere stay unchanged. It's just that all the sales and liquor taxes within the district get siphoned off and sent to Clark Hunt, leaving a $3B hole that all Kansas taxpayers will have to cover.

Reposted by Brad R. Humphreys

Taxpayers...the subsidy revenue comes from taxpayers.

Reposted by Brad R. Humphreys

THERE'S NO SUCH THING AS A FREE STADIUM www.cjonline.com/story/news/p...

Reposted by Brad R. Humphreys

The stadium tax district would cannibalize sales and liquor taxes from an enormous chunk of the NE corner of Kansas, puttiing the lie to Gov. Kelly's claim that the Chiefs deal "requires no new funds from the current state budget."
Chiefs stadium subsidy hits $4.1B, could siphon off taxes from 293-square-mile swath of Kansas
It's been a whirlwind couple of days since Monday's announcement that the state of Kansas was offering Kansas City Chiefs owner Clark Hunt billions of dollars in cash and tax breaks to move across the...
www.fieldofschemes.com

Reposted by Brad R. Humphreys

Ouch. Current est of public resources to the Chiefs is $6.3b (nom) and $4.1b (real). I assume the $2.775b "cap" is all debt financed. Cost comes down if state uses cash. Cap is not what is owed to bond holders but what the state commits to project. $6.3b is rivaled by DC deal for the Commanders.

Reposted by Brad R. Humphreys

It's going to be that kind of a day.

Reposted by Brad R. Humphreys

What's the difference between a burglar and an NFL owner?

A burglar takes your stuff and leaves. An NFL owner takes your stuff and then gives you a lecture about why it's for your own good.

Sam McDowell bringing 🔥

🤦‍♂️. Shameful
Want a nutshell summary of how bad this Kansas deal is for taxpayers? So bad that the state couldn't even get the team to comp food for its suite. Even after agreeing to give the team $2.775b.

No. He is saying that teams should pay for them.

Reposted by Brad R. Humphreys

Reposted by Brad R. Humphreys

Want a nutshell summary of how bad this Kansas deal is for taxpayers? So bad that the state couldn't even get the team to comp food for its suite. Even after agreeing to give the team $2.775b.

Reposted by Brad R. Humphreys

Devoting $1.8 BILLION of public money to an NFL stadium (60% of $3 billion) is indefensible public policy.
Kansas City Chiefs are moving to Kansas. Details of stadium package announced
The news came shortly before a council of top Kansas lawmakers voted unanimously to approve an incentive package that would allow the Kansas City Chiefs to move to Kansas.
www.kansascity.com

Reposted by Brad R. Humphreys

Claiming that you're building a new stadium to generate economic development is like claiming that you're going to the moon to mine green cheese.

Reposted by Brad R. Humphreys

The Chiefs moving to Kansas is such a rotten little move. Worthy of shame and nothing else. But I congratulate the Missouri taxpayers who don't really have to go that much farther for games *and* don't have to subsidize Clark Hunt's lifestyle

Reposted by Brad R. Humphreys

This notification just popped up on my phone, currently pouring one out for @jcbradbury.com and company 🤦‍♂️

Reposted by Brad R. Humphreys

KC Chiefs to Kansas is getting closer.
Kansas lawmakers to vote on proposal to lure Kansas City Chiefs with new stadium across state line
Kansas lawmakers are set to vote Monday on a proposal to attract the Kansas City Chiefs from Missouri.
buff.ly

I bet 90% of the people who cite Rottenberg (1956) haven’t read it.

Reposted by Brad R. Humphreys

I think we underestimate the amount of academics who mimic what an academic paper should look like without doing credible research. The push toward required data sharing and replication packages is a lot of extra work, but it's important for establishing credibility and drumming out the phonies.

Reposted by John Mullahy

As a journal editor, this 🧵is frightening. Lotta unknown unknowns here
Closing out my year with a journal editor shocker 🧵

Checking new manuscripts today I reviewed a paper attributing 2 papers to me I did not write. A daft thing for an author to do of course. But intrigued I web searched up one of the titles and that's when it got real weird...

Reposted by Brad R. Humphreys

Closing out my year with a journal editor shocker 🧵

Checking new manuscripts today I reviewed a paper attributing 2 papers to me I did not write. A daft thing for an author to do of course. But intrigued I web searched up one of the titles and that's when it got real weird...

Ha ha yes! They were supposed to put us all out of work.

🤨
Breaking News: Investigators identified a person of interest in the Brown University shooting and were looking at a possible connection to the killing of an MIT professor, an official said.
Brown Shooting: Authorities Search for a Person With Possible Connection to MIT Killing
Investigators are also examining the possibility that the case is connected to the killing of an M.I.T. professor in his home in Massachusetts.
nyti.ms

Reposted by Brad R. Humphreys

Breaking News: Investigators identified a person of interest in the Brown University shooting and were looking at a possible connection to the killing of an MIT professor, an official said.
Brown Shooting: Authorities Search for a Person With Possible Connection to MIT Killing
Investigators are also examining the possibility that the case is connected to the killing of an M.I.T. professor in his home in Massachusetts.
nyti.ms