Public Debt, Inequality, and Power: The Making of a Modern Debt State (Paperback) (ISBN-13: 9780520284661)

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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.

Author: Sandy Brian Hager
ISBN-10: 0520284666
ISBN-13: 9780520284661
Publisher: University of California Press
Language: English
Published: 06/24/2016
Pages: 174
Format: Paperback
Weight: 0.55lbs
Size: 9.00h x 5.90w x 0.50d