[A]usterity remains a political choice. … Beneath the narrow debates about how debts can be repaid reverberate larger, as yet unresolved questions about what kind of society we want to have, about who will pay for certain kinds of social provisions and whether we will have them at all. At the end of the day, these are inescapably political questions, not accounting ones.
This week’s book is Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics, by Kim Phillips-Fein (New York: Metropolitan Books, 2017) 📚. Seems like it may be appropriate for the current financial climate.