Public Debt, Inequality, and Power

Discover the intricate dynamics of public debt in the United States with Public Debt, Inequality, and Power by Sandy Brian Hager. Published by the esteemed University of California Press in 2016, this insightful paperback spans 174 pages and delves into critical questions surrounding the ownership of US public debt. Who truly holds the reins of this financial resource? Is it widely distributed or concentrated among a select few? Hager explores the implications of public debt ownership, including the significant influence bondholders wield over government policies. Additionally, the book addresses the alarming rise of foreign-owned debt, which now accounts for nearly 50% of the total. This historical analysis is essential for anyone interested in the intersections of economics, finance, and power dynamics in contemporary society. Enhance your understanding of economic history with this thought-provoking read.