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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Main Author: Hager, Sandy Brian (auth)
Format: Book Chapter
Published: University of California Press 2016
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3rd Floor Main Library

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