nflation, $14B of 1975 dollars would have been ~$50B in today’s dollars. Source: sovereign data points per IMF and =) World Bank. NYC data point per California Research Bureau “Overview of New York City’s Fiscal Crisis,” 3/1/1995. (@E) www.kpcb.com USA Inc. | Consequences of Inaction 422 HOUSE_OVERSIGHT_021052 Simple Pat