When Government Fails

Discover the compelling story behind one of the most significant fiscal crises in American history with "When Government Fails" by University of California Press. This enlightening book delves into the events leading up to Orange County, California's historic declaration of bankruptcy on December 6, 1994, marking it as the largest municipality ever to do so in the United States. Spanning 320 pages, the book presents a thorough analysis of the intricate twists and turns experienced during this tumultuous period, offering insights into both the immediate impacts and the eventual recovery achieved by June 1996. Authoritative and informative, "When Government Fails" provides readers with a deeper understanding of governmental financial trends and the repercussions of fiscal mismanagement. A must-read for those interested in economic policy and civic governance, this paperback edition captures a pivotal moment that reshaped municipal finance. Don't miss your chance to explore this critical analysis and its implications on public policy and administration.