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Could New York Go Bankrupt Again?

The Reason Interview With Nick Gillespie

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Hugh Carey's Political Struggles and New York's Crisis

This chapter explores the political journey of Hugh Carey, a Brooklyn congressman who faced numerous challenges as he campaigned for governor amidst the tumultuous backdrop of the 1970s. It highlights key political dynamics during New York City's financial crisis, detailing the intricate relationships among political leaders and their strategic maneuvering in response to the situation. Additionally, the chapter critiques the role of various figures, including Felix Roatan, in the bailout efforts while addressing the socio-economic impacts of austerity measures on vulnerable populations.

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