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 pe

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