Wed, Aug 19 08:50 AM

Top economist on Trump’s ‘deadly cocktail’ for the bond market—and how the bond vigilantes have crossed Scott Bessent’s ‘red line’

Fortune•Wed, Aug 19, 2026, 07:00 AM•2 min read

"The bond vigilantes have come out of hibernation," Johns Hopkins' Steve Hanke told Fortune, and "the inflation genie is out of the bottle.

Source: [Fortune](https://fortune.com/2026/08/19/bond-market-steve-hanke-economist-red-line-scott-bessent/)

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