I don’t care how many people talk about “Grit” or “energy”. I don’t care about the history or the romance of a city. “Grit” won’t generate the money needed to pay garbage collectors, or teachers, or healthcare workers.

People said to me, “why don’t you focus on solutions instead of just writing NYC is dead forever.”

Ok, I will. But I don’t think anyone is going to implement these ideas. People are content to grab political power at all costs while the population fools themselves until it’s too late.

Here’s the basic philosophy: Cities need to:


This is the number one reason people come to cities. Immigrants come to find jobs and opportunities.

Opportunities here because people are innovative when they can share ideas with others.

The benefit of a city is that ideas collide. Put millions of people in a dense area and you have trillions of opportunities for “idea sex”, where people exchange ideas and innovation happens.


For instance, in NYC, I see many people have this misguided view that “life will be great. It will be like the 70s again. Rents will be low and artists will flourish.”

Are you kidding me?

(NYC in the 70s)

A) NYC was a piece of garbage in the 70s with violence and filth the normal ways to describe NYC then.

B) Yes, there were artists in the 70s. But artists have been coming to NYC since forever. Not just the 70s.

C) Yes, apartments were cheaper then. But that doesn’t happen magically overnight like people think. To really make NYC affordable will take decades of horror before you see affordable rents. Unless the ideas below work.

III) STOP BEING IN THE HOSPITAL OR EDUCATION OR HIGHWAY BUSINESS — cities should stay in the “city” business. More below.



Anyone who thinks a dead city will lead to this utopia of low rents and greater culture doesn’t realize how cities work.

A city with spiking deficits and declining revenues leads to:

A) fewer teachers, policed, healthcare workers, infrastructure fixing, garbage collectors, transit workers, health facilities, schools, which leads to: greater crime, worse education, worse healthcare, more garbage, worse infrastructure, etc.

B) which leads to fewer tourists

C) and fewer businesses wanting to relocate

D) and higher taxes, disincentivizing people and businesses from moving into the city

E) which leads to fewer people employed

F) which leads to more crime (with less police) and worse health (with less healthcare) and more people hungry (with less money for social services to help the hungry), etc.

G) which leads to a giant spiral down with even fewer people, fewer services, fewer revenues, etc.

This spirals all the way down and gets you a Detroit, or a Scranton, or a Baltimore, or worse. Every city in the world has gone through this.

The key is to not think “outside the box” but smash the box.


A) CITYBUCKS (e.g. NYCBucks, LABucks, etc)

A big problem facing cities is our addiction to Amazon.

I want batteries! Amazon gets it to me tomorrow. I want nectarines! Amazon gets it to me in an hour. I want soap! Amazon gets it to me yesterday because it has me on “subscription” and knows when I run out.

Up to 1/3 of small businesses in major cities might never reopen.

How do we remove people’s addictions to Amazon and get them to buy local?

— —

Interlude: Economic Lesson 101: The Money Multiplier: For every $1 spent in an economy, it adds $3 to $10 in economic growth.

How come? If I spent a dollar to buy a newspaper, the newspaper guy spends that $1 to buy some gum, the deli guy then spends that $1 to buy flowers, the flower guy spends that $1 to buy a coffee, etc.

So $1 spend, in the above example, added $4 in economic growth to the region.

When you spend $1 on Amazon, economic growth is limited. It’s unclear if Amazon ever spends that dollar. And the money leaves your city. The key is to create incentives for people to spend $1 in your local city so that the economic growth stays in the city.

— —

Enter… CityBucks.

1) A cryptocurrency that can only be spent in local stores. The crypto feature knows if you are local or not and keeps track of all the transactions.

2) “mining” — a way that people can earn more CityBucks — happens every time a CityBuck is spent for both the seller and the buyer. For example, if I spend 10 CityBucks in a restaurant, Maybe I get an additional 1/4 CityBuck in my cryptowallet and so does the restaurant owner.

This acts like a “negative sales tax” for people who are spending and selling locally. i.e. they make extra, instead of spend extra, the more transactions they do.

This gives incentive to GO to a city and SPEND money in that city.

3) CityBucks can be redeemed five years later into US dollars.

4) All city taxpayers are given an initial “UBI” of CityBucks. All tourists who book stays in hotels are given an allocation of CityBucks when they arrive.

Every store in a city will accept CityBucks because they know it will be redeemed by the city into dollars and they also know they will be making more CityBucks the more they accept them because of the “mining” feature.

5) Whatever city implements their local CityBucks (for instance, if NYC implements NYCBucks), will be able to issue municipal bonds easily because if you release ten million dollars worth of CityBucks and they are spent, and we get a sense of the money multiplier, then we know exactly how much in sales taxes the city will generate in the future and they can borrow off of that.

The good thing about borrowing fairly cheaply is that you can use that money to plug the current hole of deficits versus declining revenues so you can continue paying for critical services.


The Federal Reserve recently announced that their big goal is to get back to 2% “average” inflation.

Why is this a big deal?

Everyone is frightened that if the US prints too much money, we could get hyperinflation. Which means if you spent $3 on a loaf of bread last week, maybe it will cost a million dollars a month from now with hyperinflation.

But this is not what is happening. Prices are going down. Hotel prices slashed, air travel prices slashed, clothing prices are down, of course real estate prices in major cities are down, wages are down at many companies, etc.

(the last time there was deflation was in the Great Depression, leading to mass hunger, food lines like above, and unemployment. We are at risk of that now).

When prices are down, people wait before they buy because they think, “Well, it might be down MORE next week”. And then when next week prices are, in fact, down, people wait more. And so on. Deflation leads to Depression leads to more businesses bankrupt, leads to higher unemployment.

The Federal Reserve has been desperately trying to get inflation by buying treasury bills and corporate bonds.

How does this get inflation? When they buy treasury bills, it brings down interest rates, which brings down the rates you get in a savings account, which gives the consumer more reason to spend money or invest money, since they are losing money by keeping it in a savings account.

But it doesn’t work. When people are scared, they don’t spend money.

The Federal Reserve should buy up the municipal bonds of cities. In other words, if NYC owes a bank $1 billion, then the Federal Reserve can buy that debt and say to NYC, “Listen, we still want the money back, but you don’t have to start paying us back for another ten years. Get your act together first.”

This will increase spending! Cities, free of debt, will spend more on essential services, will spend more on infrastructure, which will create jobs, will spend more…period. More spending equals more inflation.


This won’t be popular.

But we’re not here in this article trying to win a popularity contest.

Why should Gotham City own the Arkham Asylum? Why are they in the hospital business?

NYC owns 27 hospitals. The hospitals make $6.7 billion in revenues but lose money every year.

NYC should be in the “city” business, not the hospital business. There are many hospital companies that provide great healthcare and know how to make hospitals profitable at the same time.

NYC can sell (or long-term lease) their hospitals for approximately $20 billion. Maybe more. Maybe they can sell their universities (NYC is also not in the education business and colleges are going down the tubes now anyway) for $10 billion.

NYC total debt is around $120 billion. With this one move, they can get rid of 25% of their debt, making them capable of borrowing and spending money on new initiatives as well as helping them avoid any layoffs.

Every large city can do some version of this. Maybe not hospitals, but sell bridges or tunnels, or lotteries, or other assets owned by the city.

Heck, sell part of Central Park. I don’t care what people think. Get jobs back, get incentives back, get innovation back, get revenues up, and you can make all the parks you want after that.


What do people want? JOBS. Prosperity makes a city better.

What stops people from getting jobs? Blue collar licenses.

Yes, white collar licenses are also ridiculous. Get $300,000 in debt in law school, then spend thousands to take various bar exams just so you can help someone get out of a traffic ticket. That’s BS but that’s for another story.

Here’s an example: many cities require a license to be an interior decorator.

Are you kidding me? You mean if I want to get paid to choose what color wallpaper you get, I have to take a test, pay for a license, etc?


In Washington DC, for instance, I would have to spend 2200 days (7 years) in either apprenticeship or education classes, and then spend $364 for a license. So guess how many people who live in housing projects are able to become interior designers?


Licenses for hairdressers, manicurists, travel agents, gas pump attendants, hair braiders, TV installers, plumbers, etc have to go away.

People need to get jobs without friction. That’s how you get people employed and self-sufficient and not in need of social services.

Los Angeles has blue collar license requirements for 192 different jobs, the most of any city. This is a huge regressive tax on the poor.

Reform Blue Collar Licensing laws.

— -


Zoning laws say things like, “This block is just for apartments, and this block can have stores.”

Well, why? Why limit where I can open a business or live?

If you limit the number of places where I can live, then the supply of apartments goes down. When supply goes down but demand remains the same, then the price of rent goes up, making it more expensive to live in a city with zoning laws, i.e. every city.

Also, get rid of outdated rent control laws in major cities.

Up to half of rentals in NYC might be regulated in some way by rent control or rent stabilization.

“Rent stabilization” is a horrible set of laws many cities have that allow people who moved in fifty years ago to pay the same rent.

There are people with five bedroom apartments in NYC that are paying $1000 a month. Prices in NYC for those apartments might be as high as $30,000 a month or more.

But why are they as high as $30,000 a month? Again, supply and demand. The more apartments that are rent stabilized or rent controlled means fewer available apartments, means supply is down, means prices go way up.


Here’s a big joke: “Don’t pay rent for ten months and then pay it all in one chunk.”

Are you kidding me? Before the pandemic, the average American had $400 in savings. Where are people going to get ten months of rent to suddenly pay after 55,000,000 people total went on unemployment insurance.

This plan has not been well thought out.

This is what you do, and you do it just once:

- the renter gets a pass from the landlord

- the landlord gets a pass from the bank

- the bank goes to the Federal Reserve and gets the money from them.

The Federal Reserve achieves its goal of inflation.

There’s a lot of things wrong with this idea. It’s not fair, for instance, to the people who have been paying their rent all along.

My answer: so what? Not everything is fair. This is about saving cities. A rising tide lifts all boats so if cities are saved, the value of apartments goes up, etc and more businesses move in, more people get jobs, salaries go up, everyone wins.


In 2006, Chicago sold the Chicago Skyway for $1.8 billion. It had been losing money for decades. Now it makes money.

Not only does selling a highway generate money for the city or state, but usually improves the performance of the highway as the new owner uses profits to protect infrastructure and gets creative about congestion pricing, etc to reduce traffic and make more money.

I don’t know how many highways exist in the US, but the US or states or cities are not in the highway business. Sell to the companies who are and use the money to reduce debt.

This creates jobs, raises money, wipes out debt, etc. And highways are going to be smaller sources of revenue in the future anyway due to less travel post Covid.


In 2016/2017 I helped start a company (meaning, I was in the room when conversations were happening) that created a non-lethal device for law enforcement.

The Bolawrap is a device that shoots out a steel cable and wraps around the person who was shot at. Think of it as long distance hand cuffs. I’ve been wrapped. It doesn’t hurt. And the more I struggled, the tighter the Wrap became.

But isn’t Taser non-lethal? No. Google it. In fact, the co-founder of Taser is now the President of Wrap technologies. Andrew Yang has suggested police forces look into it. Many police forces are already using it and likes are being saved every day.

Want to avoid riots and looting and even protests? Stop killing people.

— —

This is a start. Are some of these ideas bad? Probably.

But there are a lot of laws and ideas that are much worse. Whoever came up with the idea of the government backing student loans has done more harm to the Millenial and Gen Z generations (who now sit on $1.6 TRILLION in personal debt) than any war possibly could.

Cities need to be the places where people go where they are free to exchange ideas, start cultural projects, start businesses, and succeed.

Not where they get sucked under by obscure regulations, arbitrary taxes and fees, invisible penalties like rent control, and declining social services because of lower and lower tax revenues.

You can’t go back to old fake utopias and solutions that never worked.

Cities 2.0 needs to do more than reward old bad behavior. It has to create new behaviors that increase prosperity for everyone.


[And if you don’t like these ideas, heck, send me others at or text me at 203–590–8607]

For some reason, I’ve turned myself inside out and all my guts have spilled onto my blog. One day I’ll run out of stuff but not yet.

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