ysabetwordsmith (
ysabetwordsmith) wrote2025-12-13 12:15 am
Entry tags:
Economics
Ground Zero: Los Angeles and the Endgame of the Growth Ponzi Scheme
Los Angeles didn’t mismanage its way into crisis. It built its way here.
I disagree. If a city does not track all of its liabilities, such as the maintenance costs of roads and utilities, that is mismanagement. You can't run a budget when you don't know where your money is going. That ought to be obvious.
( Read more... )
Los Angeles didn’t mismanage its way into crisis. It built its way here.
I disagree. If a city does not track all of its liabilities, such as the maintenance costs of roads and utilities, that is mismanagement. You can't run a budget when you don't know where your money is going. That ought to be obvious.
( Read more... )

