Dependence on public debt is a hallmark of democratic capitalist governance. How, then, can we ensure that the interests of private investors do not overtake the needs of the people that debt is meant to serve?
American cities’ reliance on municipal debt must be understood as part of a larger structural reliance on concentrated, mobile capital.
Municipal bond finance is an important technology, but is it more like a hammer or an automobile?
By documenting how public debt produced our present nightmare, Destin Jenkins allows us to dream about using public money to mend the ills of our era.
Los Angeles’s King-Drew Medical Center, a public hospital originally intended to provide Black residents with quality healthcare, is a cautionary tale about using bond financing to advance racial equality.