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Public Debt, Inequality, and Power : The Making of a Modern Debt State

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 owne...

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Autor principal: Sandy Brian Hager
Formato: Libro
Publicado: University of California Press 2016
Materias:
Government securities > United States
Debts, Public > United States
Acceso en línea:Ver este registro en EBSCOhost
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        Government securities--United States
        Debts, Public--United States
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          HISTORY / United States / 21st Century
          BUSINESS & ECONOMICS / Economic History
          Government securities--United States
          Debts, Public--United States
      ab: 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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