Close
Close

Herschel Post

Herschel Post was a Commissioner of Parks, Recreation and Cultural Affairs in New York City during the Lindsay administration. He is currently working in London as an international financier.

New York Review

Herschel Post, 17 December 1981

There was a time when New York was a model to which other cities aspired. In more recent years, it has shared in the malaise that has struck most of the big cities of the central and eastern United States, and outsiders have come to look at it with a mixture of fascination and discomfort. The near-bankruptcy of the largest self-governing city in the industrialised world was certainly a circus worth watching, and, as many other American cities soon discovered, it could not be watched disinterestedly. The aversion of investors for bonds and notes issued by New York City soon spread to debt instruments issued by other city and state governments. It became all too obvious that this was not a circus, but a disease and that it was contagious.

Read anywhere with the London Review of Books app, available now from the App Store for Apple devices, Google Play for Android devices and Amazon for your Kindle Fire.

Read More

Sign up to our newsletter

For highlights from the latest issue, our archive and the blog, as well as news, events and exclusive promotions.

Newsletter Preferences