Just Money: A Symposium On Destin Jenkins’s The Bonds Of Inequality: Debt And The Making Of The American City

Just Money, September 30, 2021, A Symposium On Destin Jenkins’s The Bonds Of Inequality: Debt And The Making Of The American City

Dedrick Asante-Muhammad, National Community Reinvestment Coalition (NCRC)

Bonds of Inequality: Debt and the Making of the American City details the rise and fall of the municipal bond market as an economic engine for municipalities.  Destin Jenkins, a Professor of History at Stanford, focuses on the development of San Francisco and its use of the municipal bond market, weaving that local story together with national repercussions.  This first book by Jenkins convincingly argues how debt, though little understood, is consequential in shaping policy and the very cities we live in. It explains how the interests and worldviews of a financial elite manage to reproduce inequality in the name of infrastructure and economic development.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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