Feldstein: Bond Vigilantes Could Definitely Come Back

The transcript discusses the misconceptions about Reaganomics, explaining dynamic scoring and its impact on tax policy. It compares the governance styles of Ronald Reagan and Donald Trump, highlighting Reagan's experience as a governor. The role of Congress in shaping policy under Trump's administration is examined, with a focus on the potential influence of a Republican majority. The discussion concludes with an analysis of market checks and the concept of bond vigilantes, considering their impact on interest rates.

What lessons can be learned from Reaganomics that may apply to current economic policies?

What role do you think Congress will play in shaping Donald Trump's policies?

Discuss the implications of the bond vigilantes in the current fiscal politics.