New York City's 1975 Fiscal Crisis
Author Kim Phillips-Fein talked about her book, Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics. In the book, she… read more
Author Kim Phillips-Fein talked about her book, Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics. In the book, she recounts how faced with billions of dollars of debt, New York City reduced services affecting public hospitals, schools, and libraries. Ms. Phillips-Fein argued that the threat of bankruptcy and the refusal of the federal government to bail out New York influenced changes in government spending across the nation. close
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