Welcome to my homepage !
The "Projects" page includes information about the monograph Artists and Markets in Music (Routledge 2023) we are working towards production and about the recently held cultural economics workshop in Ft. Lauderdale. November 20, 2022.
See "Personal Info" about our Hardfire TV program on Brooklyn Free Speech Media and about the Reggae Sunsplash Preservation Society: we have created a film archive and are restoring, digitizing and streaming these foundational performances.
On the "eBooks" page you can get a free download of my Economics for Everyone, 2nd Edition, which includes a section on the Austrian School Explanation for the Business-Cycle.
Brooklyn, New York USA
"There are no solutions. There are only trade-offs." - Thomas Sowell
"There is no worse tyranny than to force a man to pay for something he does not want merely because you think it would be good for him." - Robert Heinlein
University of California, Berkeley's Realtime Inequality data visualization project.
Wharton School analysis for proposed $1.85 trillion new federal spending which finds 'crowding-out' equals less poverty reduction than without this spending, November 2021. With a tight labor market and high inflation now is not the time for any demand-side stimulus. We have already had $5 trillion in covid-era related spending between the current and previous administrations.
The current version of the spending and tax bill is the Orwellian named "Inflation Reduction Act" for $700 billion. This passes in August 2022.
Wharton finds that student loan forgiveness, like inflation, is regressive: 70 percent of the forgiveness goes to more wealthy people, August 2022.
MIT and NBER find the Paycheck Protection Plan is distribution upward, and that it costs around $200,000 "per job saved". The average cost of employment in the private sector for wages and benefits is around $60,000. January 2022. The Fed has also found that the PPP is regressive policy. July 2022.
NBER finds that federal covid "relief" transfers to states and municipalities cost more than $850,000 "per job saved". June 2022. Note that these transfers are also based on political party-affiliation patronage.
Arnold & Porter has created the CARES Act Fraud Tracker and has found that more than $150 billion has been stolen or fraudulent, updated often. October 2022.
"Myths of the 1 Percent: What Puts Some People at the Top", J. Rothwell, NYT, November 2017. Those working in sectors protected from competition by government policy continuously receive super-profits and capture wealth faster than everyone else.
"If People Were Paid by Ability, Inequality Would Drop", Rothwell has another article related to the above, this one on how professional associations have historically excluded minority groups from membership, November 2019.
Edmund Phelps, New York Review of Books, "What is Wrong with the West's Economies?", August 2015. Utilitarian and Rawlsian philosophies as manifested in policy in the modern welfare state has reduced entrepreneurship, human creativity and self-determination.
"Monopoly Isn't Always What We Think It Is", J.R. Rogers, Law & Liberty, November 2018. If there are no barriers to entry, there is no monopoly. And who best to limit competition but the state with its monopoloy on legal coercion.
This is the Government Accountability Office (GAO) Report of May 2022 which determines the nation's fiscal health is unsustainable without substantive changes to the welfare / warfare state.
Relatedly the Reason Foundation has the excellent "Debtor Nation" data visualization project which shows there is around $400,000 in federal government debt and unfunded liabilties per person in the US, May 2022.
Law and Liberty August 2022 article on what the Fed can do right and wrong, and needed reforms to reach that end.
This is something very funny, a Princeton professor lists on his CV all of his failures.
For fans of economics, here is a photo of the Economics Faculty building in Belgrade, Serbia (the center of economics for the former Yugoslavia).
From BYO Records, UK and from Nancy Folbre's website.
Here's Hayek's 1944 Road to Serfdom in cartoons, courtesy of the Foundation for Economic Education (FEE).
Paul Kelpe, Machinery (Abstract #2), 1933-34.
Here is the Living New Deal website, they have mapped more than 16,000 New Deal sites, including artwork. Although I think their economic program for today is faulty I support their historical work.