The Reason Interview With Nick Gillespie cover image

Could New York Go Bankrupt Again?

The Reason Interview With Nick Gillespie

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The Political and Financial Turbulence of New York City

This chapter analyzes the shifting political landscape of New York City, reflecting on its historical status as a swing state and the implications for public safety and governance. It explores the fiscal crises of the 1970s, detailing the effects of economic downturns and mismanagement, as well as the role of public employee unions in shaping financial decisions. By examining past challenges, the chapter raises concerns about the potential repetition of history amidst current political risks.

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