he/him/ไป–/็ฅ‚ ๐Ÿณ๏ธโ€๐ŸŒˆ โ™Ž๏ธ | fledgling economist; applied microeconometrics, regional economics, political economy, public policy

Joined July 2011
5,703 Photos and videos
corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Getting really into social choice theory will drive you insane with how fundamentally broken voting is. It's amazing that it performs as well as it does.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Encountered a paper from a decade ago with the same findings as my thesis, but itโ€™s fine because itโ€™s a history paper with no formal model
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
NBER should make economists post their replication data with the working papers, before they do damage.
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Is it the phones? A new paper uses AT&T's 2007โ€“2011 iPhone monopoly as a natural experiment and finds that iPhone access sharply reduced births, especially among younger women. Smartphones may explain 33โ€“52% of the post-2007 decline in U.S. fertility.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
A few months ago, a high profile paper in Science claimed to find that researchers' ideology produced biased results in favour of immigration. A reanalysis of the data finds that result came from a coding error, which once corrected, shows no effect. Will people who shared that original finding update their views? osf.io/preprints/metaarxiv/4โ€ฆ
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In future decades economists will write about an "upper income trap," wherein most wealthy economies stop growing due to bureaucratic dysfunction, service sector cost disease, social unrest from a highly educated populace, rent seeking, and anti-industrial sentiment.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Weird, people say that ice cream helps you cool down, but it's clear that buying ice cream raises the temperature?
This needs to be posted from time to time. Bottom line, the more you build the more housing costs. Correlation is not causation but my god!
Community note
The observed correlation reflects reverse causation: high demand raises prices and prompts more construction, not vice versa. Studies show increasing housing supply moderates rent growth and lowers costs citywide. furmancenter.org/news/supply-skโ€ฆ americanprogress.org/article/build-โ€ฆ
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new political ideology test dropped findmypolitics.com
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i lost the in-depth comparison link ๐Ÿ˜ญ oops
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Paducah, Kentucky pulled this off. Attracted artists with inexpensive downtown housing and studio spaces. Funded a bunch of public arts initiatives, including a quilting museum. Turned around decades of population loss, and now one of the most charming towns in the state.
Once again: Broke Artists need to PICK A TOWN in the middle of nowhere and flock to it. Preferably a town that is: 1. Actively dying / hopeless 2. Chock full of DIRT CHEAP housing 3. In a high-minimum-wage state 4. Has some kind of public transit Ogdensburg NY comes to mind. As does Herkimer, Tupper Lake, Malone, Binghamton, and Massena NY. Each has some kind of a local bus, some kind of connection to coach bus or Amtrak, low rent, and crazy cheap property. Literally anyone who wants to live a low-rent lifestyle, making art, writing novels, hanging around in warehouses and cafes, etc can show up in one of these towns and make it work. $16/hr minimum wage, houses for as little as $40,000 (Ogdensburg and Massena) or, on the higher end, $100k (Tupper Lake). STOP being fixated on NYC / Philly / MTL. Just make the leap. I'm already up here. I already paved the way. And if you want it even cheaper come to a village like mine, my house was $33,000. There's a cabin down the road from here for $17,000. You do not need to work a job here, period.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
May 7
probably my favorite thing hes ever said
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
You need only one graph to support them btw bsic.it/the-onion-paradox-orโ€ฆ
A UChicago student group is currently handing out onions at the Northwestern Arch to protest to the Onion Futures Act of 1958
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
if only most econ papers had this good of a first paragraph
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Grindr couldโ€™ve easily remained a monopoly if they didnโ€™t do everything in their power to betray their customers (sell data), make the app experience unbearable, all white ludicrously raising prices
NEW: Match Group Inc. to invest $100 million in Grindr competitor "Sniffies"
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
No, Flash was dropped because it was insanely insecure
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Central Bank independence is a basic principle in Monetary Economics and undermining it has led to several inflationary disasters inside and outside Latin America, like Argentina and Turkey. Itโ€™s really easy to see who is an economist and who is an ideological activist.
Democratic representatives fighting against unelected central bankers: The Colombian government is stepping in to defend workersโ€™ incomes against the crushing pressure of rate hikes to levels unimaginable in todayโ€™s rich countries.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
Thank you Jimmy Carter
A parasite that has been eating people for 3,500 years is about to be wiped off the planet. It infected 3.5 million people in 1986. Last year, it infected 10. And I have not seen it make a single front page. It is called Guinea worm. You drink contaminated water from a pond in a poor village. A year later, a worm up to three feet long starts coming out of your leg through a burning blister. There is no pill that stops it and no surgery that works. You wrap the worm around a stick and pull it out slowly, over days or weeks, inch by inch. If you rush, the worm breaks inside you and causes a fresh infection. Guinea worm is ancient. Preserved worms have been pulled out of Egyptian mummies from around 1000 BCE. The Ebers Papyrus, an Egyptian medical scroll from 1550 BCE, describes pulling the worm out with a stick. For three and a half thousand years, that was the best humans could do. Then in 1986, public health workers decided to kill the parasite off. They had no vaccine and no drug. What they had was cheap cloth water filters and a small army of volunteers willing to walk from village to village for decades. The plan was simple. Give everyone who drinks from a pond a cloth filter to strain out the tiny water fleas that spread the parasite. Then send volunteers walking house to house, year after year, teaching people how to use the filters and keeping anyone with an emerging worm out of the water. It worked. From 3.5 million cases a year to 10. Four were in Chad, four in Ethiopia, two in South Sudan. The other four countries where the worm used to be common, Angola, Cameroon, the Central African Republic, and Mali, had zero human cases for the second year in a row. The World Health Organization has already certified 200 countries as Guinea worm free. Six are left. The last hurdle is dogs. Cameroon had 445 infected animals last year and Chad had 147, so a lot of the remaining work is on animals, not humans. Strays get leashed, and crews treat ponds to kill any remaining worms. The campaign keeps watching until the number hits zero. When Guinea worm hits zero, it becomes the second human disease ever erased from the planet. The first was smallpox. It will also be the first parasite humans have ever wiped out, and the first disease ever ended without a single dose of medicine. Volunteers walked village to village with cloth filters for 40 years. Now a plague from the age of the pharaohs is about to be gone.
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
music, movies, video games, weird processed food flavors, making lots of money, being normal about immigration, universities, shooting each other in public settings
Be brutally honest, what's one thing Americans are simply better at than the rest of the world??
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corey ๐Ÿงฎ๐Ÿ—๐ŸŒ๐Ÿ”ฐ retweeted
NGDP targeting
You have become Roman Emperor in 180 AD. This is your empire. What do you do differently to avoid the upcoming crisis?
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