NPR.

This is the indicator from Planet Money.

I'm Whalen Wong.

And I'm Patty Hirsch.

If you've been paying any attention to the financial news this last week, and who hasn't,

then you might have gotten wind of a new posse that's just ridden into town.

Some say they're heroes.

Some say they're villains.

Their name, the bond vigilantes.

Snappy.

They're a blast from the past who are striking fear into the hearts of fat cats

spendthrift politicians on both sides of the political divide. They're also, like most of us,

big opponents of the hottest topic in the presidential election, inflation.

So on today's show, the bond vigilantes, where they came from, what they want, and maybe most

important, how you can tell when they're about to ride into action and do what they think

needs to be done.

I get tied to the railroad tracks after the break.

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