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Author Hager, Sandy Brian, author.

Title Public debt, inequality, and power : the making of a modern debt state / Sandy Brian Hager.

Publication Info. Oakland, California : University of California Press, [2016]


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Description 1 online resource
Bibliography Includes bibliographical references and index.
Contents Introduction : public debt, inequality and power -- The spectacle of a highly centralized public debt -- The bondholding class resurgent -- Fiscal conflict : past and present -- Bonding domestic and foreign owners -- Who rules the debt state? -- Conclusion : informing democratic debate -- Appendix : accounting for the public debt.
Summary "Who are the dominant owners of US 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"--Provided by publisher.
Note Print version record and CIP data provided by publisher; resource not viewed.
Subject Debts, Public -- United States.
Government securities -- United States.
Debts, Public. (OCoLC)fst00888850
Government securities. (OCoLC)fst00945597
United States. (OCoLC)fst01204155
HISTORY / United States / 21st Century.
Genre/Form Electronic books.
Other Form: Print version: Hager, Sandy Brian, author. Public debt, inequality, and power. Oakland, California : University of California Press, [2016] 9780520284661 (DLC) 2016008399
ISBN 9780520960428 (electronic bk.)
0520960424 (electronic bk.)
9780520284661 (paperback;) (alk. paper)
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