They say the bond market runs the world. Presidents quake at the thought of displeasing it. Pundits treat it like some mystical beast that must be constantly appeased. Propose healthcare for all? The bond market might panic. Talk about student debt relief? The bond market could retaliate. Green infrastructure? Better check with Wall Street first. But let’s be clear: this fear is manufactured. It’s not economics—it’s theater. The “bond market fear” and “federal debt myth” are the oldest tricks in the political manipulation book.
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