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A free ebook version of this title is available through Luminos, University of California Press’s open access publishing program for monographs. Visit www.luminosoa.org to learn more.

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.

Table of Contents

  1. Cover
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  1. Contents
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  1. List of Illustrations
  2. pp. vii-viii
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  1. Preface
  2. pp. ix-xiv
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  1. Introduction:Public Debt, Inequality, and Power
  2. pp. 1-13
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  1. The Spectacle of a Highly Centralized Public Debt
  2. pp. 14-33
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  1. The Bondholding Class Resurgent
  2. pp. 34-54
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  1. Fiscal Conflict:Past and Present
  2. pp. 55-69
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  1. Bonding Domestic and Foreign Owners
  2. pp. 70-82
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  1. Who Rules the Debt State?
  2. pp. 83-95
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  1. Conclusion:Informing Democratic Debate
  2. pp. 96-103
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  1. Appendix:Accounting for the Public Debt
  2. pp. 105-121
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  1. Notes
  2. pp. 123-141
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  1. Bibliography
  2. p. 143
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  1. Index
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  1. 002
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  1. 003
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  1. 004
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  1. 005
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  1. 006
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Additional Information

ISBN
9780520960428
Related ISBN
9780520284661
MARC Record
OCLC
1089008220
Pages
174
Launched on MUSE
2019-03-04
Language
English
Open Access
Yes
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