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Could New York Go Bankrupt Again?

The Reason Interview With Nick Gillespie

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The 1975 New York City Financial Crisis

This chapter examines the 1975 financial crisis in New York City, detailing the impact on the municipal bond market due to over-reliance on these bonds and fiscal mismanagement. It emphasizes the need for diversification in investment strategies and the dangers of misallocating funds meant for long-term capital.

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