Christopher Phelan @ChrisPhelanEcon Twitter profile

Last Seen Profiles

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@alma33e

@heitosorr

@BelnorEngInc

Christopher Phelan

@ChrisPhelanEcon

2 years

@josephmullins This is great. Were you in the correct building? Correct floor?

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Christopher Phelan

@ChrisPhelanEcon

2 years

Time for my Ed story. In 1988 (I think) I was a grad student at Chicago working with Rob Townsend on our joint paper. Rob asked me to come by his office later to explain what we were working on to this visiting professor, Ed Prescott. 1/6

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Christopher Phelan

@ChrisPhelanEcon

29 days

@ChefReactions

Owamni Restaurant - Minneapolis, MN

Best New Restaurant Award – 2022. Experience the true flavors of North America, featuring foods of Mni Sota Makoce, Land Where the Waters Reflect the Clouds. We have removed colonial ingredients such...

owamni.com

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Christopher Phelan

@ChrisPhelanEcon

3 months

Did this get approved by an IRB? I don't see how this can be considered ethical. Why don't any of the women who were in the control group have a legitimate complaint against the tweeters? They purposely intervened to help others compete for a limited number of AP positions

Scott Kominers

@skominers

3 months

Wow. (It's not clear that the boost to downstream outcomes like flyouts could hold in long-run equilibrium, or that added visibility really is the mechanism driving it. But still, pretty striking, QED!)

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Christopher Phelan

@ChrisPhelanEcon

2 years

@itaisher More "acknowledge harm" crap from university admins. There is a push among many in academia to blur the line between speech and conduct so any wrongthink (and now even wrongread) is seen as equivalent to assault ("harming" others).

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Christopher Phelan

@ChrisPhelanEcon

11 months

I haven't read every post of the "why do Econ profs make more than other fields" but most economist replies I've seen don't take into account the demand side: Why are deans and provosts willing to pay such high prices? Why doesn't Vassar simply not offer Econ? Or staff their

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Christopher Phelan

@ChrisPhelanEcon

4 months

“The dark night of fascism is always descending in the United States and yet lands only in Europe.” ― Tom Wolfe

Daily Mail Online

@MailOnline

4 months

Israeli Eurovision singer Eden Golan is ordered to stay in her hotel room by her security team as thousands of pro-Palestine protesters including keffiyeh-wearing Greta Thunberg gather in Malmo, calling for her to be excluded

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Christopher Phelan

@ChrisPhelanEcon

11 months

Very interesting article by Andrew Goodman-Bacon. A comment by Ayse Imrohoroglu (that very poor people in Turkey just build shacks and then consider themselves housed), that NYC had close to zero homeless in 1964, and that our poorest state, Mississippi, has lots of

Minneapolis Fed

@MinneapolisFed

11 months

Today homelessness is an acute disaster for some and a nuisance for others. The conditions that create it, however, matter deeply for all 330 million Americans who share a simple reality: People need a place to live. Read @agoodmanbacon 's For All article:

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Christopher Phelan

@ChrisPhelanEcon

2 years

MMT reminds me of the Wolfgang Pauli quote: It's not even wrong. @albertobisin

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Christopher Phelan

@ChrisPhelanEcon

1 year

@Jonheathcote @achenfinance Donor and related-to-famous-or-powerful-person admissions are even worse. And don't hold your breathe on them ending them either.

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Christopher Phelan

@ChrisPhelanEcon

3 months

@ProfJAParker "Hey guys look at this paper", which is what a tweet is, is an implicit endorsement, and in this case a false one, that the paper is worth looking at, even if the tweeter doesn't explicitly say so.

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Christopher Phelan

@ChrisPhelanEcon

2 years

To this day, I remain immensely grateful to Ed for that one interaction. And every single one after that. 6/6

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Christopher Phelan

@ChrisPhelanEcon

2 years

He then said words that have stuck with me to this day: “At Minnesota, we don’t allow grad students to talk to professors this way.” 4/6

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Christopher Phelan

@ChrisPhelanEcon

2 years

It was clear even at the time that he wasn’t telling me I didn’t know my place as a lowly grad student or something like that. He was telling me that at Minnesota, the professors required their students to have the decency to be careful. 5/6

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Christopher Phelan

@ChrisPhelanEcon

4 months

The faculty at universities have allowed too many functions to be taken over by non-faculty admins. However left-wing you think faculty are, the non-faculty admins are more so. Faculty care about their fields. Puts at least some constraint on activism. In admissions,

Noah Pollak

@NoahPollak

4 months

Columbia University has an admissions committee that reviews tens of thousands of applicants each year and admits only 3.85% of them. Columbia's leaders made a very conscious decision to make the school look like this:

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Christopher Phelan

@ChrisPhelanEcon

10 months

@wwwojtekk One group wanted to watch a movie. The other group wanted to beat them up for watching that movie (and for being Jews). Can't we all agree that both groups are at fault?

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Christopher Phelan

@ChrisPhelanEcon

3 months

@haralduhlig “Guilty as sin, free as a bird — what a country, America.” -- Bill Ayers.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Repeating myself here, but wiping out equity holders is not enough to avoid moral hazard problems. You need at least big depositors to care about risk taking by bank managers. Otherwise, makes sense for managers to make "heads equity holders win, tails taxpayers lose" bets.

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Christopher Phelan

@ChrisPhelanEcon

1 year

@jbarro

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Christopher Phelan

@ChrisPhelanEcon

11 months

A perfect example, from my university, on why it's better for a university to simply not speak.

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Christopher Phelan

@ChrisPhelanEcon

4 months

Re: My employer (UofMN) breaking up pro-Palestinian camp on main quad: They were right to do so. Public U's have an obligation to protect 1st amendment rights of free speech AND peaceable assembly, but both are subject to content-neutral reasonable time, place, and manner

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Christopher Phelan

@ChrisPhelanEcon

1 year

For all the talk about the unfairness of legacy and athletic admissions, elite US universities, which are not exactly run by right-of-center types, aren't being forced by anyone to keep them. They can get rid of them tomorrow and never needed to have them in the first place.

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Christopher Phelan

@ChrisPhelanEcon

9 months

@paulnovosad No one would be better for this position.

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Christopher Phelan

@ChrisPhelanEcon

2 years

So sorry to hear this. Ed was a giant.

Gustavo Ventura

@King_ofSweden

2 years

Today is a very, very sad day. My colleague Ed Prescott died this morning. Needless to say, he was one of the great minds of modern economics. Ed influenced many of us in multiple ways. He will be missed greatly.

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Christopher Phelan

@ChrisPhelanEcon

3 months

this is important stuff. We don't require car manufacturers to assemble new cars in the buyer's driveway.

Lee E. Ohanian

@lee_ohanian

3 months

To increase home affordability, remove regulation that mfg homes must be permanently attached to their chassis. Reg has kept mfg homes out of many NBHDs. With 50% lower cost, this would be game-changer for many families. My Op-Ed in WaPo: @HooverInst

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Christopher Phelan

@ChrisPhelanEcon

10 months

Checklist for Cornell administration. 1) Keep kosher cafeteria open and hire as many armed men as necessary to protect it and escort who ever wants to eat there to and from it. 2) Every administrator, including the provost and president, eats every meal there.

David Burge

@iowahawkblog

10 months

We are witnessing 5 fucking Charlottesvilles every day, and universities are like🤷🤷🤷‍♀️

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Christopher Phelan

@ChrisPhelanEcon

9 months

I guess I shouldn't be, but I am amazed at the reaction of know-nothings to today's Starship test. On its second try, SpaceX got a huge 160 ft spaceship, the 2nd stage, into space (but not orbit). The 233 ft tall booster (the 1st stage) did its part flawlessly until after it

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Christopher Phelan

@ChrisPhelanEcon

9 months

Re Argentina: 1) Seigniorage revenue is real, but it isn't THAT big of a deal quantitatively. Less certain, but probably also true, being able to adjust your money growth to local conditions has value. But both combined are swamped by the bad effects of hyperinflation. 1/3

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Christopher Phelan

@ChrisPhelanEcon

3 months

The non-economics departments of my university continue to distinguish themselves.

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Christopher Phelan

@ChrisPhelanEcon

7 months

I still think this may be the most long term consequential thing of Musk taking over Twitter. How can it not cause other organizations to wonder if it applies to themselves?

Tobi

@mocutobi

7 months

It’s time to acknowledge that 75% of Twitter’s staff were laid off and this thing is still running

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Christopher Phelan

@ChrisPhelanEcon

2 years

It did not go well. I was terrible at explaining for the simple reason that I had not carefully worked out how explain things formally. (And that was because at the time, I didn’t think that was important). Ed was frustrated because I couldn't define the simplest things. 3/6

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Christopher Phelan

@ChrisPhelanEcon

11 months

I welcome The University of Minnesota Faculty Statement in Solidarity with the People of Palestine. "We demand the end of Israel’s illegal occupation of Palestinian land, end of apartheid, and an end to the Israeli settler colonial violence" but no demands of anything from

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Christopher Phelan

@ChrisPhelanEcon

1 year

I am convinced by @JohnHCochrane that "Narrow Banking" is a bad term. It makes it sound like most of normal banking would be outlawed. Instead, all we want is that 100% of par-valued deposits (and deposit like liabilities) be back by deposits at the Fed.

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Christopher Phelan

@ChrisPhelanEcon

10 months

I'll be blunt. The good economists at Georgetown should be ashamed of themselves.

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Christopher Phelan

@ChrisPhelanEcon

15 days

This is a big deal. We are now in the realm of forbidden knowledge.

Garett Jones

@GarettJones

15 days

Economist Andreas Ek wasn't allowed to name the countries of origin in his well-done study into the incomes of second-generation immigrants to Sweden. In the social sciences, "research ethics" has become code for hiding unpleasant truths.

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Christopher Phelan

@ChrisPhelanEcon

9 months

@M_De_Nardi @wwwojtekk

Income gaps are growing inexorably, aren’t they?

archived 30 Nov 2023 12:47:35 UTC

archive.is

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Christopher Phelan

@ChrisPhelanEcon

20 days

To my Irish and English and ancestors (which is most of them): Thank you for getting me away from these pricks.

GOV.UK

@GOVUK

20 days

Think before you post.

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Christopher Phelan

@ChrisPhelanEcon

2 years

Technological regress.

Culture Critic

@Culture_Crit

2 years

Sewage pump Cathedral 1865: 1966:

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Christopher Phelan

@ChrisPhelanEcon

4 months

Yes! It's always a great conferenc e

Cristina Arellano

@cristinarellano

4 months

The Minnesota Macro conference deadline is this Friday 4/26. Submit your papers and come join us for lots of economics fun! 🤩

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Christopher Phelan

@ChrisPhelanEcon

2 years

Being both clueless and arrogant, it never occurred to me to prepare. So I just showed up and winged it. 2/6

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Christopher Phelan

@ChrisPhelanEcon

2 years

How is this FTX, SBF thing crypto related? That is, suppose I set up a foreign currency exchange. You lend me your yen, euros, dollars and so forth so you can quickly make trades within the exchange. I agree to keep 100% reserves. Then I don't and go bankrupt. Same or not?

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Christopher Phelan

@ChrisPhelanEcon

2 years

@Undercoverhist Great conference. (especially the second paper).

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Christopher Phelan

@ChrisPhelanEcon

11 months

@gp_mihalache Both demand and supply? That would unheard of.

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Christopher Phelan

@ChrisPhelanEcon

1 year

@IvanWerning @_alice_evans Macro fights in the 70s were brutal

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Christopher Phelan

@ChrisPhelanEcon

2 years

I'm not embarrassed by my April 24, 2020 column.

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Christopher Phelan

@ChrisPhelanEcon

2 years

A lot of people are (correctly) pointing out that Covid lockdown and schooling policies were especially harmful to the poor. On April 24, 2020, I wrote in the Minneapolis StarTribune, they were especially hard on the YOUNG. some excepts: 1/7

A month into mass quarantine — what now?

Open it up. There are three reasons for mass closures, none of them really being borne out.

www.startribune.com

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Christopher Phelan

@ChrisPhelanEcon

6 months

What I honestly don't understand about this is why people have become so ridiculously non-confrontational. (I guess a nicer way of saying they're wimps). The only proper answer to this is "What?! You're f*cking joking, right?"

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Christopher Phelan

@ChrisPhelanEcon

3 months

To answer my first question, yes this was approved by Michigan's IRB. "The research was approved by the University of Michigan IRB (HUM00221663)". Which I think was an error.

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Christopher Phelan

@ChrisPhelanEcon

22 days

I’m sorry Mr. Shapiro, but we have chosen not to make you a partner in our firm. As you know, we are a very client focused firm, and a lot of our clients are, well, you know, traditional. Old fashioned. I’m sure you understand.

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Christopher Phelan

@ChrisPhelanEcon

17 days

What really protects Musk politically is that he is an important military contractor. 1) SpaceX is THE dominant player now in lifting things into orbit, with an ability to lift mass at a fraction of the cost of what was formerly seen as possible. If/when Starship works,

alberto bisin

@albertobisin

17 days

What’s @elonmusk ’s way out if - as it is now possible - Trump loses the election? Serious question!

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Christopher Phelan

@ChrisPhelanEcon

5 months

This should be illegal, not for reasons of fairness but for reasons of common language. A menu price should have an agreed upon meaning. Each restaurant doesn't get to put a footnote giving their own interpretation of what a pint is. I can't say a pint of beer is $10, but

Matthew E. Kahn

@mattkahn1966

5 months

Shrouded attributes revisited! At @USC_Econ , we have taken Robert Barro to this restaurant with a great view of the city and I have taken my parents there. Will this new fee deter us from returning?

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Christopher Phelan

@ChrisPhelanEcon

9 months

At some point we are going to have to come to terms with what we did to children for a disease that posed little to no threat to them.

Monica Gandhi MD, MPH

@MonicaGandhi9

9 months

Child mask mandates for COVID-19: a systematic review -"current body of scientific data does not support masking children for protection against COVID". Hope MDs and public health officials will always be willing to change minds with evidence & data

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Christopher Phelan

@ChrisPhelanEcon

8 months

Question for my economist and finance friends: Do index fund managers vote their shares? If they do, then there might actually be something to this since there is a temptation to do so for goals other than acting in the interest of the fund's shareholders.

Bernie Sanders

@BernieSanders

8 months

This is what oligarchy is about. Today just 3 Wall Street firms, BlackRock, Vanguard & State Street manage $20.7 trillion in assets. These 3 firms are major shareholders in 95% of S&P 500 companies. Democracy will not survive with this concentration of economic & political power.

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Christopher Phelan

@ChrisPhelanEcon

1 year

I've had students who simply can't get that 15% of 20 is 3 for a test. (3 people unemployed. 5 out of workforce. 17 have jobs. What is the unemployment rate?) Is it possible to understand even Econ 101 without knowing basic arithmetic or algebra?

College students are still struggling with basic math. Professors blame the pandemic

U.S. colleges are searching for solutions as they see alarming numbers of students arrive with gaps in their math skills.

apnews.com

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Christopher Phelan

@ChrisPhelanEcon

1 year

Here's my preferred banking regime: 1) If a deposit can be used as a means of payment AND is priced at par, it must be backed 100% with Fed reserves. 1/n

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Christopher Phelan

@ChrisPhelanEcon

1 year

@HannoLustig There's an attitude here. Not even the slightest recognition that maybe unelected people with truly awesome powers need to use them cautiously for narrow and predefined purposes. Didn't use to be this way. Long live the king.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Time for the players to get paid. The NCAA is a conspiracy to transfer money from young black men to middle aged white men.

David Burge

@iowahawkblog

1 year

my favorite part about CFB realignment is $10 million per year college football coaches complaining about how the almighty dollar is ruining everything

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Christopher Phelan

@ChrisPhelanEcon

2 years

Read an article about exclusive NYC bars for billionaires and models. Models got in free. Billionaires paid a lot. Each gets access to the other. Owner gets rich. Now replace bar with World Economic Forum, models with politicians. Billionaires, with, well, billionaires.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Decades ago, Andy Atkeson said a great truth to me: "no one gives a f**k what you THINK. What did you DO?" Starting a paper with the words "This paper" is saying "This is what I DO". Starting a paper with "In the beginning, ..." is saying "This is what I THINK".

Roozbeh Hosseini

@roozbeh52

1 year

Every Lucas paper starts with variations of this: "In this paper I do [fill the blank]". Sounds simple and trivial until you to try it. Rest in peace Bob. Thank you for everything you taught us, for elegant and insightful writings, and for insightful comments and advice.😢

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Christopher Phelan

@ChrisPhelanEcon

1 year

@IvanWerning Get back to work.

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Christopher Phelan

@ChrisPhelanEcon

5 months

@JohnHCochrane My first year classes had Sherwin Rosen, Gary Becker, Jose Scheinkman, Rob Townsend, you, Lars Hansen, Bob Lucas, and Jim Heckman. An amazing lineup.

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Christopher Phelan

@ChrisPhelanEcon

1 year

@sc_cath @wwwojtekk @toniwhited Adjectives should be avoided unless necessary.

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Christopher Phelan

@ChrisPhelanEcon

4 months

So my university, the University of Minnesota, in return for them dismantling their unauthorized encampment, gave in to several of the demands the organizers of the tentifada which took over our quad, in this message. First, under the paragraph labelled

Message to encampment organizers sent 5-1-24.pdf

drive.google.com

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Christopher Phelan

@ChrisPhelanEcon

8 months

My main problem with this is not bias, but ignorance. How do you get a job with the Associated Press and not know who tended to scalp whom? This was almost certainly written by a product of our university system.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Hopefully we sound ok! (and yes, that's an old smugshot of me).

Heller-Hurwicz Economics Institute

@HellerHurwicz

1 year

“Sovereign” countries can’t be forced to pay their debts. So why do they? (At least most of the time). This podcast gives some answers. With @ChrisPhelanEcon and Manuel Amador #UMNEcon

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Christopher Phelan

@ChrisPhelanEcon

2 years

This is getting pretty close to passing the Turing test for me.

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Christopher Phelan

@ChrisPhelanEcon

8 months

This is a pitch perfect essay on Free Speech, calls for genocide, and the role of universities by the Interim Dean at the Harris School at Chicago, Ethan Bueno de Mesquita.

The Future of Speech on Campus - Boston Review

Private universities should respond to the charge of hypocrisy with a maximalist approach to free speech.

www.bostonreview.net

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Christopher Phelan

@ChrisPhelanEcon

6 months

Old man rant re this. In my last 10 emails from undergrads, I’ve been addressed Professor 5 times, Christopher 1 time, Sir 1 time, and Nothing (can you tell me when the homework is due?) 3 times. 1/7

Alessia Paccagnini 👩‍🏫📚💶📈💻🍕⚽🐱🐶🎥 🎶🌍

@Alessia_metrics

6 months

Recommendations Needed: How should I address a situation where a student refers to me as 'Ms.' while addressing my male colleagues, who are Assistant Professors, as 'Professors'? 😂 #RoadTo8March

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Christopher Phelan

@ChrisPhelanEcon

1 year

This. The first thing a new dean or higher should do is simply get data on admins who report to him or her now vs. 25 years ago. Then ask what all these extra people are doing and does it really need to be done.

Dr. Julie Chernov ☮️

@drjchernov

1 year

When I entered academia 17 years ago, the upper ranks of administrators consisted of a HANDFUL of deans, VPs, directors, & a provost. Now, we have exponentially more Deans, VPs & Directors, as well as EVPs, Associate Deans, & Deputy Provosts w/more being hired each year! 2/5

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Christopher Phelan

@ChrisPhelanEcon

5 months

Just sayin.

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Christopher Phelan

@ChrisPhelanEcon

5 months

“say anything you like about me, but spell my name right", P. T. Barnum. 😀

UMN Liberal Arts

@umncla

5 months

Minneapolis' response to the I-35W bridge collapse in 2007 could guide Baltimore's recovery after the recent collapse of the Francis Scott Key Bridge. @HellerHurwicz professor Christopher Phelen weighs in.

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Christopher Phelan

@ChrisPhelanEcon

9 months

@JohnHCochrane If a politician uses the phrase “fiduciary responsibility”, they will have me for life.

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Christopher Phelan

@ChrisPhelanEcon

2 years

@TimTkehoe @DavidPerezReyna @agonzarb @DanielToroGonza @SEDmeeting @utboficial "We are scouting out great bars and restaurants for #sed_2023 ." I am continuously amazed and grateful for the hard work you are willing to do for the SED. :-)

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Christopher Phelan

@ChrisPhelanEcon

1 year

These should be interesting and fun! Manuel Amador and I should be coming up relatively soon as well.

Heller-Hurwicz Economics Institute

@HellerHurwicz

1 year

Today is the day! We are delighted to launch our new podcast, Heller-Hurwicz Office Hours. Each episode will feature host @cfarrellecon in conversation with Minnesota economists, exploring economic topics that impact our daily lives. Listen at

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Christopher Phelan

@ChrisPhelanEcon

2 years

It would have been shocking if this turned out NOT to be true. But everyone from public health officials to university presidents had a goal - everyone get vaccinated, so they straight up lied, a word I try to avoid, for same reasons as @steve_tadelis

Natural immunity as protective as Covid vaccine against severe illness

The immunity generated from an infection was found to be “at least as high, if not higher” than that provided by two doses of an mRNA vaccine.

www.nbcnews.com

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Christopher Phelan

@ChrisPhelanEcon

4 months

My mother was a portrait artist and I grew up watching her paint. So I have opinions on every portrait I see. The face on this one is excellent. It captures Charles, which isn't easy. The rest calls attention to itself, rather than its subject. It is very distracting.

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Christopher Phelan

@ChrisPhelanEcon

6 months

@asymmetricinfo Dear committee members. Julie Schumacher.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Just a reminder that a lot of governments went completely crazy. I recall a single paddle boarder getting arrested in California too.

HUNTER WEISS

@Hunter_Weiss

4 years

Venice Skate Park vs LA COVID Social Distancing

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Christopher Phelan

@ChrisPhelanEcon

2 years

@mazzimon77 Is there some action a government of India could take that would lead the Indian economy to grow ... If so, what, exactly? ... Once one starts to think about them, it is hard to think about anything else. (Lucas 1988)

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Christopher Phelan

@ChrisPhelanEcon

7 months

For years I've been going on similar hunger strikes to protest my transversality condition.

The Harvard Crimson

@thecrimson

7 months

More than 30 pro-Palestinian Harvard students participated in a 12-hour hunger strike Friday in solidarity with students at Brown University pressuring the Brown Corporation to divest from Israel. @mnamponsah and @AzusaLippit report.

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Christopher Phelan

@ChrisPhelanEcon

5 months

If I ran undergraduate admissions at an elite university, I would add an optional essay: Describe a time when someone was unfair to you and how you reacted. If the applicant answers it, don't admit him or her.

David Burge

@iowahawkblog

5 months

If Vanderbilt has a 7% acceptance rate, imagine the level of brain dead neo-Nazi drama queens in their reject pile

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Christopher Phelan

@ChrisPhelanEcon

2 years

Curious what is considered to be the economic justification for the US's current student loan policy. Yes, students are liquidity constrained. Yes, normal bankruptcy dismissible loans not likely to be given since human capital doesn't make good collateral. 1/n

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Christopher Phelan

@ChrisPhelanEcon

2 years

Censorship is not the right word for this. It is historical vandalism. “Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered.”

The Associated Press

@AP

2 years

Critics are accusing the British publisher of Roald Dahl's classic children's books of censorship after it removed colorful language from works such as "Charlie and the Chocolate Factory" and "Matilda" to make them more acceptable to modern readers.

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Christopher Phelan

@ChrisPhelanEcon

2 years

Question for E\economist colleagues regarding climate change: Why aren't we focusing more, or even almost exclusively, on carbon sequestration? Some numbers (which might be wrong, so please correct): Barrel of Oil: $100 USD. C02 created by burning it: 1/2 ton. 1/n

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Christopher Phelan

@ChrisPhelanEcon

21 days

If X's statement of facts is correct, I think their case against advertisers has merit. No, it isn't illegal to decline to advertise. But it is illegal to collude as in "I won't advertise on X if you don't" which is what is being alleged.

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Christopher Phelan

@ChrisPhelanEcon

11 months

Larry Summers is pointing out that Harvard officially condemned the invasion of Ukraine and police violence, but has been silent Hamas's atrocities, even while student groups applaud them. The answer is for universities to take no positions at all.

Academic leaders shouldn't take political stances (opinion)

www.insidehighered.com

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Christopher Phelan

@ChrisPhelanEcon

10 months

@sc_cath From the job posting for two political theorist positions at my university. Shocking no one, both of the hires signed "The University of Minnesota Faculty Statement in Solidarity with the People of Palestine”.

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Christopher Phelan

@ChrisPhelanEcon

4 months

Re: the current student protests.

David Burge

@iowahawkblog

4 months

If you are laboring under the belief that we need to heed the unsullied peak moral vision and judgment of 18-25 year olds, ask yourself why there isn't a rental car agency on Earth that would hand them keys

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Christopher Phelan

@ChrisPhelanEcon

1 year

Here's something Congress can do, and left and right should agree on: End tax deductibility of quid-pro-quo admissions. If your kid (or other close relative) attends a university, all donations to it are not tax deductible (for some time period before and after attendance).

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Christopher Phelan

@ChrisPhelanEcon

11 months

@mattkahn1966 Absolutely. Our salaries drive them nuts. But it’s like complaining about the price of steak, but nevertheless ordering it (although in smaller amounts)

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Christopher Phelan

@ChrisPhelanEcon

4 months

How it should be done

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Christopher Phelan

@ChrisPhelanEcon

4 months

excellent letter.

An Open Letter to President Alivisatos and Provost Baicker Concerning the Pro-Palestine Encampment

Dear President Alivisatos and Provost Baicker, Allowing the continued encampment of protesters on our main quad imposes the following significant costs on the University: Time, Place, and Manner...

chicagomaroon.com

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Christopher Phelan

@ChrisPhelanEcon

1 year

@SimonBowmaker Yes! Editors and referees should not see themselves as coauthors.

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Christopher Phelan

@ChrisPhelanEcon

7 months

@ben_golub They haven't lost touch with this ideal. They have explicitly rejected it. And at least they claim, and probably believe through projection, that even its supporters don't believe in this ideal, but only use it as a means of perpetuating their power.

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Christopher Phelan

@ChrisPhelanEcon

1 year

Is there any good economic argument for gov't student loans? Life cycle liquidity constraints are an argument for why they shouldn't be subject to bankruptcy discharge, but not an argument for why the colleges themselves can't make the loans. THEY aren't liquidity constrained.

Forbes

@Forbes

1 year

Michael Kilman doesn't know how he'll pay off the $88,000 of debt he racked up getting his undergraduate and master's degrees. With mounting interest, he now owes $177,000.

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Christopher Phelan

@ChrisPhelanEcon

4 months

I am ashamed by the actions of the "leaders" of my university. How can they not know that negotiating and/or giving an inch to those who take over common areas just encourages more.

Message to encampment organizers sent 5-1-24.pdf

drive.google.com

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Christopher Phelan

@ChrisPhelanEcon

11 months

“It saddens Twin Cities In Motion and its partners to be unable to hold the races that runners have been pointing toward for months, but the safety of participants and the community will always be our primary concern.” This is such self-congratulatory bullshit. As @JonHeathcote

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Christopher Phelan

@ChrisPhelanEcon

2 years

Another article which fails to get right the biggest subsidy for home ownership: the non-taxation of implicit rent. If A owns X and rents to B, and B owns Y and rents to A, then each must report the rent (minus expenses) as income.

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Christopher Phelan

@ChrisPhelanEcon

5 months

The Minneapolis 35W bridge collapsed on August 1, 2007. Its replacement opened for traffic on September 18, 2008. We still have capacity to get things done.

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Christopher Phelan

@ChrisPhelanEcon

2 months

Regardless of what you think about George Clooney right now, it is simply an objective fact that children of University of Minnesota economics department professors are the best at bringing out his impressive comedic acting ability.

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