Download or read book The Effect of Inflation and Recession on State and Local Governments written by United States. Congress. Senate. Committee on Government Operations. Subcommittee on Intergovernmental Relations and published by . This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains hearings from the Senate Subcommittee on Intergovernmental Relations regarding the growing concern in the mid-1970's about the fiscal solvency of state and local governments at a time of both severe inflation and severe recession.