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Public Debt, Inequality, and Power : The Making of a Modern Debt State / Sandy Brian Hager.

By: Material type: TextTextLanguage: English Publisher: Berkeley, CA : University of California Press, [2016]Copyright date: ©2016Description: 1 online resource (174 p.)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780520960428
Subject(s): DDC classification:
  • 336.3/40973 23
LOC classification:
  • HJ8101
  • HJ8101
Online resources:
Contents:
Frontmatter -- Contents -- List of Illustrations -- Preface -- 1. Introduction: Public Debt, Inequality, and Power -- 2. The Spectacle of a Highly Centralized Public Debt -- 3. The Bondholding Class Resurgent -- 4. Fiscal Conflict: Past and Present -- 5. Bonding Domestic and Foreign Owners -- 6. Who Rules the Debt State? -- 7. Conclusion: Informing Democratic Debate -- Appendix: Accounting for the Public Debt -- Notes -- Bibliography -- Index
Summary: 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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Frontmatter -- Contents -- List of Illustrations -- Preface -- 1. Introduction: Public Debt, Inequality, and Power -- 2. The Spectacle of a Highly Centralized Public Debt -- 3. The Bondholding Class Resurgent -- 4. Fiscal Conflict: Past and Present -- 5. Bonding Domestic and Foreign Owners -- 6. Who Rules the Debt State? -- 7. Conclusion: Informing Democratic Debate -- Appendix: Accounting for the Public Debt -- Notes -- Bibliography -- Index

Open Access unrestricted online access star

https://purl.org/coar/access_right/c_abf2

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.

Mode of access: Internet via World Wide Web.

This eBook is made available Open Access under a CC BY-NC-ND 4.0 license:

https://creativecommons.org/licenses/by-nc-nd/4.0

https://www.degruyter.com/dg/page/open-access-policy

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jun 2022)

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