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Posts by Brad "Pencil Necked Geek" Humphreys
This is what $600 million of taxpayer money gets you. Seriously, stop electing the jock-sniffers that give your tax dollars to these assholes.
“Free bread”. 😂. Tell me you don’t understand economics without telling me you don’t understand economics.
It's good to seek out expert opinions, but in this case, the person consulted doesn't appear to be familiar with the research. This statement is uninformed conjecture. Sports venues DO NOT increase the value of the tax base. At best, it's an intrajurisdictional reallocation.
Why does household investment (HI) lead the business cycle?
This paper finds that the Index of Consumer Expectations (ICE) leads HI by two quarters. Using VAR and Granger causality, the authors show HI transmits these confidence shocks to the broader economy.
Read: tinyurl.com/3azvzb8h
#econsky
FIFA *is* forcing the security costs onto states. As part of the bidding process to host the WC, local governments have to guarantee to pay all security costs, plus lots of other goodies that go to FIFA.
I would replace "usually" with "sometimes". Referendum voting does nor occur that often. @gpropheter.bsky.social has data on this.
Why is it the job of economists to explain for the millionth time why *this* commissioned economic impact study is concocted nonsense
why should New Jersey taxpayers have to subsidize FIFA billionaires?
NJ transit says providing trains from NYC to 8 World Cup matches will cost $48m due to FIFA security requirements. Good for NJ for refusing to subsidize non-residents travel to these matches.
Perfectly reasonable. New Jersey taxpayers should not subsidize New York residents' travel to a sporting event that Jersey did not have any say in hosting. It's not "gouging" to make customers pay the full freight.
Yes Seattle has a transit link to downtown. You can get light rail from BWI to downtown Baltimore. You can also get to Amtrak from BWI on a short shuttle.
Portland Oregon has a light rail connection from the terminal to downtown. You can get to SFO on Bart.
I've seen the report. As I expected, it's mostly a pile of useless numbers of dubious origin. It's pseudo-economic drivel with the analytical rigor of a junior high science project. The author Dillon Gilman appears to have no economics training.
www.tampabay.com/news/2026/04...
Wise cautionary words from the KC Star editorial board. Much appreciated.
The article teaser provides an incorrect description. As planned, the city set aside extra money to pay off the initial debt. The stadium and tax district are absolutely NOT producing sufficient revenue to cover the debt with a surplus. This project will never pay for itself.
We're at a minimum of $2.1B in public costs for the entire Rays stadium project, and a maximum of who the hell knows, but numbers like $4B or even higher are certainly not out of the realm of possibility. www.fieldofschemes.com/2026/04/10/2...
“The Kansas City Royals appreciate the work of our City’s leadership — the Mayor, City Manager, and City Council — as they take important steps toward continued economic development for our city,” the statement said. “We are grateful for their engagement in this process, as well as for the critical work of the State of Missouri, and look forward to more detailed conversations as we consider solutions that are best for our team, our fans, and our community.”
I reiterate my request to anyone advocating on behalf of a public stadium as an "economic development" project. Provide one example where the public return has been *credibly* documented to be positive.
🤢
The alphabet and numerals 0-9 in the Artemis mission typeface
Just so you know what kind of dork I am: I was looking at the Artemis II mission stuff and said to @kaylahornbrook.bsky.social, “The cutaway in those letters in the bottom left corner definitely means something super specific…”
“A group of new accounts on the prediction market Polymarket made highly specific, well-timed bets on whether the U.S. and Iran would reach a ceasefire on April 7, resulting in hundreds of thousands of dollars in profits for these new customers”
😬
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Advisors of students admitted to grad school: make sure they know they have a right to the April 15 deadline to decide. Many schools will pressure for earlier notifications. If the student has decided, they should let schools know right away. But some students interpret reminders as a new deadline.
Hillsborough County previously identified $2.6B worth of roads, sewers, etc. to use Community Reinvestment Tax funds on — meaning diverting $437m to a Rays stadium could require cutting back on building actual public infrastructure.
Every year since 2019, Kentucky has used more coal from other states than the coal it produced. That trend coincides with a decline in coal mine employment statewide, which is now lower than it was in 2020, when COVID curtailed production and demand. www.weku.org/the-commonwe...
West Virginia’s fourth coach in four years took maybe the worst roster on paper in America’s toughest conference to a .500 league record, squarely on the bubble til late February, and won a postseason title to get $300K in NIL cash.
Wren Baker knows ball.
Bevel that bad boy!