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In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared.
Charles Duhigg
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"In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared."
— Charles Duhigg #educationlearning #moneywealth

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In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enr…

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In the 1970s, New York City defaulted on its debt, and yes, the consequences were painful. Enrollment plummeted at City University campuses, which until then had offered free education. Seven thousand police officers were laid off. Crime skyrocketed. Services for the poor disappeared. — Charles Duhigg

About Charles Duhigg

Charles Duhigg was a Journalist from United States (1974–present).

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Frequently Asked Questions

Who said "In the 1970s, New York City defaulted on its debt, and yes, the consequences we…"?
This quote is attributed to Charles Duhigg, a Journalist from United States.
When did Charles Duhigg live?
Charles Duhigg lived from 1974 – present.
What is this quote about?
This quote touches on Education & Learning, Money & Wealth. Browse more quotes on these themes from the categories page.