What do bond markets do?

Note: This is post #90 in a weekly video series on basic economics.
Most borrowers, such as individuals and small businesses, borrow through banks. But larger institutions can also borrow from a different financial intermediary: the bond market. Continue Reading…
Related posts:
How markets discover the equilibrium price
Asymmetric information and used cars
How growth rates affect the wealth of nations

Read more at The Acton Institute