I need a clarification regarding bonds and rents
January 28, 2011 9:06 AM Subscribe
Yesterday, Mike Konczal (rortybomb) wrote the following, "The graduating class of 2011 will enter a brutal job market that will hurt its ability to be rewarded for its labor, and thus lead a full life, for at least a decade. A note to these graduates: take comfort that you must “endure” this suffering in order to placate invisible bond vigilantes and protect rentier income." What is the rentier income he is talking about? Is he saying that bond holders, generally, are rentiers?