Posts by Sandy Brian Hagar

Sandy Brian Hager, Postdoctoral Fellow at the Weatherhead Center for International Affairs, Harvard University

The making of the modern ‘Debt State’

What we know (and don’t know) about ownership of public debt In a previous contribution to SPERI Comment, I presented some of my research on the domestic ownership structure of the US federal debt. The findings showed that since the early 1980s, and especially since the onset of the global financial crisis, federal bonds have become heavily concentrated in the … Continue reading

10 March 2016 by Sandy Brian Hagar
Categories: Austerity, Debt, Economics, Inequality, SPERI Comment, Tax, USA Tags: , , , , , ,

Who owns the US federal debt?

Massive increases in inequality are transforming the politics of public debt During the current financial crisis, government debt levels across the advanced capitalist world have soared. In the United States, the portion of the federal debt ‘held by the public’ has more than doubled from 36 per cent of GDP in 2007 to 73 per cent in 2012. This explosive … Continue reading

23 January 2014 by Sandy Brian Hagar
Categories: Debt, SPERI Comment, USA Tags: , ,