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

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 no...

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Yazar: Brian Hager, Sandy
Materyal Türü: Online
Dil:İngilizce
Baskı/Yayın Bilgisi: University of California Press 2021
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Online Erişim:611194
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author Brian Hager, Sandy
author_browse Brian Hager, Sandy
author_facet Brian Hager, Sandy
author_sort Brian Hager, Sandy
collection Directory of Open Access Books
description 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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publisherStr University of California Press
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spelling doab-20.500.12854ir-358892025-01-26T23:20:25Z 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 thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and 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. 2021-02-10T12:58:18Z 2016-06-28 00:00:00 2020-04-01T14:09:52Z 2016 book 611194 OCN: 942611599 http://library.oapen.org/handle/20.500.12657/32418 9780520960428 https://directory.doabooks.org/handle/20.500.12854/35889 eng open access image/jpeg image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/32418/1/611194.pdf https://library.oapen.org/bitstream/20.500.12657/32418/1/611194.pdf https://library.oapen.org/bitstream/20.500.12657/32418/1/611194.pdf https://library.oapen.org/bitstream/20.500.12657/32418/1/611194.pdf University of California Press 10.1525/luminos.14 10.1525/luminos.14 19856893-4bf2-4e3e-9137-c7692d64e4c1 9780520960428 174 Oakland, California open access
spellingShingle economic history
public debts
government securities
public finance
National debt of the United States
United States
United States Treasury security
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
Brian Hager, Sandy
Public Debt, Inequality, and Power: The Making of a Modern Debt State
title Public Debt, Inequality, and Power: The Making of a Modern Debt State
title_full Public Debt, Inequality, and Power: The Making of a Modern Debt State
title_fullStr Public Debt, Inequality, and Power: The Making of a Modern Debt State
title_full_unstemmed Public Debt, Inequality, and Power: The Making of a Modern Debt State
title_short Public Debt, Inequality, and Power: The Making of a Modern Debt State
title_sort public debt inequality and power the making of a modern debt state
topic economic history
public debts
government securities
public finance
National debt of the United States
United States
United States Treasury security
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
topic_facet economic history
public debts
government securities
public finance
National debt of the United States
United States
United States Treasury security
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
url 611194
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