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Re:I Got the Fed to Release Its 2011 "Treasury Default" Play... by seanhunter on Wednesday November 08, 2023 @02:12PM (#38195398)
There's an incredible book called "A free nation deep in debt: The financial roots of democracy"[1] which explores these sorts of questions from a historical perspective and shows the relationship between bond markets and governments.

[1] https://www.james-macdonald.net/free-nation-deep-in-debt

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