‘I appreciate depreciation’
Katrina Forrester: Dynastic Capitalism, 10 July 2025
Counterrevolution: Extravagance and Austerity in Public Finance
by Melinda Cooper.
Princeton, 564 pp., £28, May 2024,978 1 942130 93 2 Show More
by Melinda Cooper.
Princeton, 564 pp., £28, May 2024,
“... being withdrawn by the Nixon administration. By 1975 New York faced a fiscal crisis. The new Ford administration made federal assistance subject to a ‘brutal restructuring programme’. Wages were frozen. Hospitals and libraries and fire stations were closed. Rubbish piled up. Public-sector workers were fired and rehired at lower pay grades. But the ... ”