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oapen-20.500.12657-324182021-11-08T09:22:29Z Public Debt, Inequality, and Power: The Making of a Modern Debt State Brian Hager, Sandy economic history public debts government securities public finance National debt of the United States United States United States Treasury security bic Book Industry Communication::K Economics, finance, business & management bic Book Industry Communication::K Economics, finance, business & management::KC Economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCZ Economic history 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 past three decades. Based on extensive and original research, Public Debt, Inequality, and Power will shock and enlighten. 2016-06-28 00:00:00 2020-04-01T14:09:52Z 2020-04-01T14:09:52Z 2016 book 611194 OCN: 942611599 9780520960428 http://library.oapen.org/handle/20.500.12657/32418 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 611194.pdf https://doi.org/10.1525/luminos.14 University of California Press 10.1525/luminos.14 10.1525/luminos.14 72f3a53e-04bb-4d73-b921-22a29d903b3b 9780520960428 174 Oakland, California open access
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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 past three decades. Based on extensive and original research, Public Debt, Inequality, and Power will shock and enlighten.
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