Reagan-era deficits quintupled US Treasury trading volumes by 1988

Evidence

However, the safety of government bonds does not preclude trading opportunities. Indeed, the U.S. bond markets of the 1980s attracted aggressive traders. The expanding government deficits during the presidency of Ronald Reagan meant that increasing numbers of Treasury bonds had to be issued. Trading volumes increased more than fivefold between 1980 and 1988, to levels in excess of $100 billion a day (Hughes 2004). — Donald MacKenzie, An Engine, Not a Camera, 951

Categorization

• XREF: connects to: Hostile-takeover markets and Reagan politics, not finance theory, drove 1980s financialization — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1175

Broader Connections

• Hostile-takeover markets and Reagan politics, not finance theory, drove 1980s financialization #corroborates (0.80) — Donald MacKenzie, An Engine, Not a Camera, 1175