Return Of The Bond Vigilante
from the International Monetary Fund
– this post authored by Ramana Ramaswamy
Bond market vigilantes are a vanishing species. The label refers to bond traders who are averse to fiscal profligacy but also captures politicians who are wedded to small government. They wielded significant influence over global fiscal policy for two decades until 2008 but are feared no more.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201901210529
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