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Could New York Go Bankrupt Again?

The Reason Interview With Nick Gillespie

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The Tipping Point of New York's 1975 Bankruptcy Crisis

This chapter explores the pivotal moment when New York City faced bankruptcy in 1975, focusing on key figures like Governor Hugh Carey and the contentious federal bailout discussions. It examines the political dynamics at play, particularly the intersection of the bailout talks and the impending presidential election.

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