35 Years Ago in reason

"A bailout would not only prolong the agony and trigger rampant inflation, it would eliminate the pressures for long-overdue internal reforms, and by calling for increased taxes, would accelerate the exodus of business and middle-class residents from the city. City residents should not be forced, by higher taxes, to sacrifice for the sins of New York City politicians."

'"Manuel S. Klausner, "Default: Key to New York City's Rebirth"

"Those of us who want to desocialize America should rejoice at the prospect of destroying the credit of state and local governments."

'"Murray N. Rothbard, "Default Now!"

"I submit that control of land use and development through public planning and regulation is akin to performing surgery by a team consisting of faith healers, exorcists, and surgeons. While the patient may not die instantly, he may well wish he had."

'"Bernard H. Siegan, "The Case Against Land Use Planning"

 '"January 1976