The Mainstream Economists (Finally) Realize Bond Vigilantes are Mythical….
It’s interesting to see the mainstream economists now telling everyone how there are no such things as bond vigilantes in the USA (see DeLong and Krugman here). This wasn’t always the case. Krugman and Delong were once fearful of bond vigilantes. So it’s nice to see some flexibility in understanding here. Anyhow, over the last...
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