Reply To: Bond vigilantees and political power


I ask because I kept hearing in International Studies class that since the 80’s the financial markets have grown in power and that this was horrible and caused by deregulation. Often they refer to the 50’s/60’s as a golden age where financial markets had less power. Am I right in saying that without this breakdown of the last link to goal the financial markets wouldn’t have had grown to the size it has in the last 30 years?