Public Debt, Inequality, and Power
eBook - PDF

Public Debt, Inequality, and Power

The Making of a Modern Debt State

  1. 174 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Public Debt, Inequality, and Power

The Making of a Modern Debt State

About this book

A free ebook version of this title is available through Luminos, University of California Press’s open access publishing program for monographs. Visit www.luminosoa.org to learn more.

Who are the dominant owners of U.S. public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we have not had any satisfactory answers to these questions. Public Debt, Inequality, and Power is the first comprehensive historical analysis of public debt ownership in the United States. It reveals that ownership of federal bonds has been increasingly concentrated in the hands of the 1 percent over the last three decades. Based on extensive and original research, Public Debt, Inequality, and Power will shock and enlighten.

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Yes, you can access Public Debt, Inequality, and Power by Sandy Brian Hager in PDF and/or ePUB format, as well as other popular books in History & Economic History. We have over one million books available in our catalogue for you to explore.

Information

Table of contents

  1. Cover
  2. Title
  3. Copyright
  4. Contents
  5. List of Illustrations
  6. Preface
  7. 1. Introduction: Public Debt, Inequality, and Power
  8. 2. The Spectacle of a Highly Centralized Public Debt
  9. 3. The Bondholding Class Resurgent
  10. 4. Fiscal Conflict: Past and Present
  11. 5. Bonding Domestic and Foreign Owners
  12. 6. Who Rules the Debt State?
  13. 7. Conclusion: Informing Democratic Debate
  14. Appendix: Accounting for the Public Debt
  15. Notes
  16. Bibliography
  17. Index