Gabriella’s Reviews > The Bonds of Inequality: Debt and the Making of the American City > Status Update
Gabriella
is on page 5 of 320
“…the breakdown of public housing does not make sense without exploring bondholder guarantees; the revenue problems of major American cities do not make sense without considering escalating fixed expenditures for debt-service payments; and the prioritization of some infrastructural projects and the steady decline of others is not legible without discussing the evaluative rubrics of bond rating agencies.”
— Jan 13, 2026 07:36PM
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Gabriella’s Previous Updates
Gabriella
is on page 39 of 320
“In this parable of debt and governance, dependence on the federal government was dangerous, while dependence on the bond market, credit appraisers, bankers, and fickle investors was virtuous. The story spoke to the ways in which advice could masquerade as ideology. Indeed, at the heart of technical advice about debt were moral arguments about governance, democracy, responsibility, and integrity.”
— Jan 29, 2026 07:45PM
