“In Washington, DC, the Treasury Department could look out across the United States and expect to find every one of its twelve federal banks running a surplus or deficit of approximately $100 million. That number would indicate how much money needed to be added or withdrawn from a particular region. But instead of a deficit of $100 million, Miami had suddenly run a surplus of $5.5 billion in 1979. The Treasury Department ran the numbers again, amazed. Then they projected the numbers for the coming year. Nineteen eighty would bring at least a $7 billion surplus.”
The Year of Dangerous Days
RIOTS, REFUGEES,
and
C.O.C.A.I.N.E
in
MIAMI 1980